Bowmore Exploration Ltd.

May 11, 2009 12:57 ET

BOWMORE Announces $1 Million Private Placement

MONTREAL, QUEBEC--(Marketwire - May 11, 2009) - BOWMORE Exploration Ltd. (TSX VENTURE:BOW) ("The Company") is pleased to announce that it has negotiated, subject to regulatory approval a non-brokered private placement (the "Private Placement") of a maximum of 5 million units (the "Units") at a price of $0.18 per unit, each Unit consisting of one (1) common share and one (1) warrant (the "Warrant"), with each Warrant exercisable to purchase one common share of the Company for a period of 4 years at an exercise price of $0.35 per share, for total gross proceeds of $1,000,000.

The proceeds from the Private Placement will be used for exploration work on its recently acquired Santa Elvira property and for working capital purposes.

The closing of the financing is subject to TSX Venture Exchange approval.


BOWMORE is a Canadian exploration mining company focused on precious metal exploration in Mexico.

The Company trades on the TSX Venture Exchange under the symbol "BOW".

Forward-looking statements:

Except for statements of historical facts, all statements in this news release regarding, without limitation, new project acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; Actual results and future events could differ materially from those anticipated in such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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