Bishop Gold Inc.

Bishop Gold Inc.

March 17, 2005 12:01 ET

Bishop Announces Closing of $250,000 Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BISHOP GOLD INC.

TSX VENTURE SYMBOL: BSG

MARCH 17, 2005 - 12:01 ET

Bishop Announces Closing of $250,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 17, 2005) - Bishop
Gold Inc. (TSX VENTURE:BSG) ("Bishop"), listed on the TSX Venture
Exchange Inc. (the "Exchange") under the trading symbol "BSG", is
pleased to announce that it has closed its previously announced private
placement of $250,000 of units of Bishop at a price of $0.125 per unit.
An aggregate of 2,000,000 common shares and 1,000,000 common share
purchase warrants ("Warrants") have been issued in connection with the
Private Placement, with each Warrant entitling the holder to acquire one
(1) common share at a price of $0.25 for a period of twelve months from
the date of issue. The 2,000,000 common shares issued are subject to a
four-month hold period, which expires on July 17, 2005. An aggregate of
$4,200 was paid as cash commissions.

About Bishop

Bishop is a junior precious metals exploration company focused on the
acquisition and development of mineral properties of historical
exploration and past production merit. Bishop owns 100% of two
significant gold projects; "The Lawyers Group" and "The Al Group"
properties located in the Toodoggone region of north-central British
Columbia. Bishop also owns 100% of the Gordon Lake Property in the Giant
Bay Region near Yellowknife, NWT.

ON BEHALF OF BISHOP GOLD INC.

Peter Watson, Director

The company seeks safe harbor on forward-looking statements.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Bishop Gold Inc.
    Peter Watson
    Director
    (604) 681-2575
    (604) 681-2577 (FAX)
    The TSX Venture Exchange Inc. has neither approved nor disapproved of
    the contents of this press release.