June 07, 2007 08:45 ET

Normabec Closes a $3,000,000 Non-Brokered Private Placement

ST-BRUNO, QUEBEC--(Marketwire - June 7, 2007) - Normabec Mining Resources Ltd (TSX VENTURE:NMB)(FRANKFURT:N6M) ("Normabec") has closed a non-brokered private placement for a total of 6,666,666 units at a price of $0.45 per unit for gross proceeds of $3,000,000. Each unit consists of one common share and one half of one common share purchase warrant. Each full warrant entitles the holder to purchase one additional common share at a price of $0.65 per common share until December 4, 2009.

However, following the expiry of the four month resale restriction, should the trading price of the common shares of Normabec on the TSX Venture Exchange equal or exceed $1.00 for a period of 15 consecutive trading days, Normabec shall be entitled to notify the warrant holders of its intention to accelerate the expiration date of the warrants. Upon reception of such notice, warrant holders shall have 30 days to exercise the warrants, at which time the warrants will expire.

A director and an officer of NORMABEC, who exercise control over two private companies, have participated in the financing for a gross proceed of $195,000. The investment has been made on behalf of the two companies.

In accordance with securities legislation, the shares and warrants issued under the private placement are subject to a four month hold period expiring on October 5, 2007.

The net proceeds of this private placement will be used to finance a 6,000 meter underground diamond drill program as well as a 5,000 meter surface drilling program on the Real de Catorce Property and for working capital. This program is expected to start within the next two weeks.

The TSX Venture Exchange (TSX) has neither approved nor disapproved the contents of this press release.

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