Windarra Minerals Ltd.
TSX VENTURE : WRA

Windarra Minerals Ltd.

August 20, 2010 15:53 ET

Windarra (WRA.V) Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 20, 2010) - Windarra Minerals Ltd. (TSX VENTURE:WRA) announces, subject to regulatory approval, a non-brokered private placement of up to 900,000 units of its securities at a price of $0.15 per unit for gross proceeds of up to $135,000. Each unit will consist of one flow-through common share and one common share purchase warrant entitling the holder to subscribe for one additional common share at a price of $0.20 for a period of two years from closing.

Proceeds received from the private placement are intended to be used to continue exploration work on the Company's Mishi leases in Ontario.

The offering is expected to close on or about September 18, 2010 and is subject to certain conditions and to the receipt of all required regulatory approvals and consents, including the approval of the TSX Venture Exchange. The securities of the Company issuable pursuant to the private placement will be subject to a Canadian hold period expiring four months and one day after the closing date.

The securities proposed to be offered in the private placement have not been registered under the U.S. Securities Act of 1933, as amended, or any State securities laws, and may not be offered or sold in the United States or to U.S. Persons absent registration or an applicable exemption from the registration requirements.

On behalf of the Board of Directors

John Pallot, President

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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