Bashaw Capital Corp.

Bashaw Capital Corp.

June 07, 2005 19:43 ET

Bashaw Capital Corp.: Press Release

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 7, 2005) - Bashaw Capital Corp. (TSX VENTURE:BCV.P) (the "Corporation") is pleased to announce that the Filing Statement of the Corporation relating to the proposed acquisition by the Corporation of all of the issued and outstanding securities of Dynamite Resources Ltd. (the "Proposed Acquisition"), as disclosed in a previous press release of the Corporation, was filed on SEDAR on June 3, 2005. The TSX Venture Exchange has conditionally approved the Proposed Acquisition and it is intended that it will constitute the Corporation's "Qualifying Transaction" under the policies of the TSX Venture Exchange. Conditional approval is subject to the completion of the $2,100,000 previously announced private placement of Dynamite Resources Ltd. and the Corporation fulfilling all of the filing requirements of the TSX Venture Exchange for final approval of the Proposed Acquisition as the Corporation's Qualifying Transaction.

In accordance with the policies of the TSX Venture Exchange, it is expected that the closing of the Proposed Acquisition will occur on or about June 13, 2005.

At the request of the Corporation, the TSX Venture Exchange has halted trading in the common shares of the Corporation, in order to facilitate the completion of the Proposed Acquisition. It is expected that the halt will continue until closing of the Proposed Acquisition.

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

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