Long View Resources Corporation

Long View Resources Corporation

January 11, 2005 16:18 ET

Long View Resources Corporation: News Release


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: LONG VIEW RESOURCES CORPORATION

TSX VENTURE SYMBOL: LRC

JANUARY 11, 2005 - 16:18 ET

Long View Resources Corporation: News Release

CALGARY, ALBERTA--(CCNMatthews - Jan. 11, 2005) - The Board of Directors
of Long View Resources Corporation (TSX VENTURE:LRC) ("Long View" or the
"Corporation"), are pleased to announce that it has closed its
previously announced private placement for total proceeds of $935,000.
The Offering consisted of:

(i) $185,000 private placement at $0.20 per Unit. Each Unit shall
consist of one Common Share ("Share") and one-third (1/3) of a Common
Share purchase warrant ("Warrant"), with each full Warrant entitling the
holder to acquire one additional Common Share at $0.30 per Common Share
until May 31, 2005; and

(ii) $750,000 flow-through (under the Income Tax Act (Canada)) private
placement at $0.30 per Unit with Hesperian Capital Management Ltd. of
Calgary. Each Unit shall consist of one Flow-Through Common Share and
one Flow-Through Common Share purchase warrant, with each full Warrant
entitling the holder to acquire one additional Common Share at $0.40 per
Common Share until May 31, 2005. All common shares and underlying
warrants are subject to a hold period expiring on May 6, 2005.

Kevin Patterson, President and CEO stated, "We are very pleased to have
the confidence of an institutional subscriber in Long View at the
formative stages." John Styles, Chief Operating Officer added, "These
funds will play a crucial role in pursuing Long View's initial drilling
program for 2005."

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Long View Resources Corporation
    Kevin Patterson
    President & Chief Executive Officer
    (306) 337-2083
    or
    Long View Resources Corporation
    John Styles
    Chief Operating Officer
    (306) 337-2083
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.