Ressources Minières Pro-Or Inc.
TSX VENTURE : POI

Ressources Minières Pro-Or Inc.

September 29, 2009 10:38 ET

Pro-Or Closes the Private Placement of 500,000$

MONTREAL, QUEBEC--(Marketwire - Sept. 29, 2009) - Ressources Minieres Pro-Or Inc. ("Pro-Or") (TSX VENTURE:POI) wishes to announce that it has closed a private placement for the expected maximum of $500,000. This private placement was addressed to Qualified Investors and implicated the issuance of i) 2,000,000 Class "A" shares of the Company at a price of 0,25$ per share and ii) 1,000,000 warrants will also be issued and every unit will give the possibility to the holders, to buy a share at a fixed price of 0.35$ for a twelve (12) month period, following the closing of the private placement.

Shares issued pursuant to the offering are subject to a four-month hold period. No finders' fee are payable on the transaction, which has received conditional regulatory approval.

Proceeds from the private placement will be used for general working capital purposes.

"About Pro-Or"

PRO-OR is currently active at its plant located in St-Augustin-de-Desmaures. The production of platinum, palladium and rhodium (PGM) from concentrates of recycled automotive catalytic converters. The production is now up to 60 hours per week. The target of the production is to maximize the (PGM) recovery process. The Pro-Or team also benefits from the assistance of an expert in recovery process, the Company "FER-MIN-ORE" of South Africa.

Also, the Company is currently doing prospection work on the Menarik property, located in the James Bay area. The team of geologists is led by Mr. Yvan Bussieres, Engineer-Geologist, and they are exploring the gold and cupriferous sector on that property, that covers 3,062 hectares, and holds a chromite deposit.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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