BOXXER GOLD CORP.

BOXXER GOLD CORP.

February 25, 2005 12:11 ET

Boxxer Announces Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BOXXER GOLD CORP.

TSX VENTURE SYMBOL: BXX

FEBRUARY 25, 2005 - 12:11 ET

Boxxer Announces Private Placement

CALGARY, ALBERTA--(CCNMatthews - Feb. 25, 2005) - Boxxer Gold Corp. (TSX
VENTURE:BXX) reported today that two directors of Boxxer have arranged
the sale of 1,200,000 shares at a price of $0.12 per share through the
facilities of the TSX Venture Exchange.

The net proceeds from this sale will be used to fund a private placement
of up to 1,200,000 units of Boxxer at a price of $0.10 per unit, each
unit being comprised of one common share of Boxxer and one-half
transferable share purchase warrant. Each full warrant entitles the
owner to acquire an additional common share of Boxxer for a period of
two years, at a price of $0.15 for the first year and $0.20 in the
second year. Proceeds from the private placement will be used for
general working capital. The private placement is subject to regulatory
approval.

If you wish to receive company press releases via email, please advise
Alison Tullis at alison@chfir.com

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact,
all statements in this news release -including, without limitation,
statements regarding production estimates and future plans and
objectives of Boxxer - are forward-looking statements that involve
various 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.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Boxxer Gold Corp.
    Colin Christensen
    President
    (403) 410-1303
    (403) 266-4124 (FAX)
    Email: colin@boxxergold.com
    or
    Cavalcanti Hume Funfer Inc., Investor Relations
    Cathy Hume
    CEO
    (416) 868-1079, Ext 23
    Email: cathy@chfir.com
    or
    Cavalcanti Hume Funfer Inc., Investor Relations
    Linda Armstrong
    Vice President
    (416) 868-1079, Ext 229
    Email: linda@chfir.com
    Website: www.chfir.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.