Adroit Resources Inc.
TSX VENTURE : ADT

Adroit Resources Inc.

July 04, 2005 17:08 ET

Adroit Resources Inc.: Private Placements

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 4, 2005) - Adroit Resources Inc. (TSX VENTURE:ADT) -

Private Placements. Management is pleased to announce that, subject to TSX Venture Exchange acceptance, the Company is raising up to a total of C$1,200,000 by way of two separate and concurrent private placements; one in Canada and one in Europe.

Canadian Brokered Private Placement. The Company has engaged Fraser Mackenzie Limited (Fraser) of Toronto to raise up to C$600,000 on a best efforts basis for 1,714,286 units. Up to half the funding maybe raised in flow through units with each unit consisting of one common flow through share and a one half warrant. The other half of the funding maybe raised in non-flow through units with each unit consisting of one common share and one whole warrant. Each whole warrant will be for three years, transferable, and entitle the holder to purchase one additional common share for C$ 0.50 in the first year and C$ 0.60 in the two subsequent years. A ten percent commission on funds raised will be payable to Fraser plus ten percent in broker warrants.

European Private Placement. The Company has agreed to raise up to C$ 600,000 for 1,714,286 units of one share and one whole warrant. Each whole warrant will be for three years, transferable, and entitle the holder to purchase one additional common share for C$ 0.50 in the first year and C$ 0.60 in the two subsequent years. A finders fee of up to 10% may be paid to arms length parties with respect to the private placement.

The proceeds from these private placements will be used for general working capital, current obligations and the development of mineral properties. The Company currently has 12,607,526 shares issued and outstanding.

Adroit Resources is a mineral exploration company that is currently prospecting for Gold in Southern Tuscany, Italy and diamonds, precious and base metals in the Temagami area of Ontario, Canada.

On behalf of the Board of Directors:

Graeme Rowland, Chairman and President


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

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