Wyn Developments Inc.
TSX VENTURE : WL
PINK SHEETS : WYDPF
FRANKFURT : YXE

Wyn Developments Inc.

June 05, 2006 00:10 ET

Wyn Developments Inc. Completes Unit Private Placement and Engages U.S. Investor Relations Consultants

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 5, 2006) - Wyn Developments Inc. (TSX VENTURE:WL)(PINK SHEETS:WYDPF)(FWB:YXE) -

The Company wishes to announce that, further to its news release dated April 4, 2006, it has completed a private placement in the amount of 1,056,000 flow-through units of the Company at a price of $0.45 per unit and 3,914,315 non flow-through units of the Company at a price of $0.38 per unit (collectively the "Unit") for gross proceeds of $1,962,639.70. Each Unit consists of one common share in the capital stock of the Company and one half share purchase warrant (the "Warrant"). Each full Warrant is exercisable at a price of $0.50 and will entitle the placee to acquire an additional common share of the Company for a one- year period.

The shares and underlying shares are subject to hold periods expiring September 26, 2006.

The Company paid finder's fees in the amount of $149,025 in connection with the private placement.

The proceeds of the private placement will be used to fund the Company's obligations under the Prophet River Participation Agreement and for general working capital.

The Company also announces that it has entered into an Investor Relations Agreement with Yes International ("YES"), a U.S. public relations firm for small and medium sized public companies with Mr. Rich Kaiser as President. YES will provide investor relations advisory services to Wyn, including, but not limited to, disseminating corporate information, establishing a profile of the Company with American retail, financial and institutional investors.

In consideration for their services, the Company will pay to YES a fee of $US2,500.00 per month plus expenses as well as 100,000 options exercisable at $0.39 Cdn for a two-year period. The agreement becomes effective June 1, 2006 for an initial six-month term.

The above is subject to regulatory approval.

On Behalf of the Board of Directors

Dave McMillan, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information