Adroit Resources Inc.
TSX VENTURE : ADT

Adroit Resources Inc.

November 10, 2005 13:27 ET

Adroit Resources Inc.: Private Placements

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 10, 2005) - Adroit Resources Inc. (TSX VENTURE:ADT) -

Private Placements. Management is pleased to announce that, subject to TSX Venture Exchange acceptance, the Company has reached agreement to raise a total of up to C$1,200,000 by way of two separate private placements for up to C$600,000 each; one in Canada using the services of Fraser Mackenzie Limited (Fraser) of Toronto and one in Europe organized by the Company.

Canadian Brokered Private Placement. Fraser of Toronto has, so far, received an offer for a total of C$300,000 for 1,090,909 units in flow through units with each unit consisting of one common flow through share and a one half 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 received subscription agreements for a total of C$600,000 for 2,400,000 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 finder's 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.

Adroit Resources is a mineral exploration company that is currently prospecting for Gold in Central Italy and diamonds, precious and base metals in the Temagami area of Ontario, Canada. The Company currently has 12,607,526 shares issued and outstanding.

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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