Au Martinique Silver Inc.

Au Martinique Silver Inc.

April 03, 2006 16:12 ET

Au Martinique Silver Inc. Closes Private Placement

BRAMPTON, ONTARIO--(CCNMatthews - April 3, 2006) - Au Martinique Silver Inc. (TSX VENTURE:AUU) ("Au Martinique" or the "Company") confirms today that it has completed a non-brokered private placement of 4,992,647 Units of the Company at US$0.15 (CDN$0.17) per Unit. Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into one additional common share of the Company, until expiry on April 1, 2008, at a price of US$0.25 (CDN$0.28) per share. The Company has received conditional acceptance of this private placement from the TSX Venture Exchange.

A total of US$749,904 was raised by Au Martinique to further exploration programs on the Company's Petancol Project (El Salvador) held under option from Intrepid Minerals Corp. and for general working capital requirements.

Au Martinique is a TSX Venture listed company engaged in the acquisition, exploration and development of mineral prospects. Upon completion of this private placement the Company has 24,555,197 common shares outstanding.


The statements in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange has neither approved nor disapproved the information contained in this press release.

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