BOXXER GOLD CORP.

BOXXER GOLD CORP.

March 07, 2005 17:15 ET

Boxxer Announces Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BOXXER GOLD CORP.

TSX VENTURE SYMBOL: BXX

MARCH 7, 2005 - 17:15 ET

Boxxer Announces Private Placement

CALGARY, ALBERTA--(CCNMatthews - March 7, 2005) - Boxxer Gold Corp. (TSX
VENTURE:BXX) reported today that concurrent with the private placement
announced on February 25, 2005 Boxxer intends to issue an additional
private placement of 1,000,000 units of Boxxer at price of $0.10 per
unit to raise gross proceeds of $100,000. A commission may be payable on
the transaction. Each unit is 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.

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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
    Email: colin@boxxergold.com
    Website: www.boxxergold.com
    or
    Cavalcanti Hume Funfer Inc., Investor Relations
    Cathy Hume
    CEO
    (416) 868-1079, Ext 23
    Email: cathy@chfir.com
    Website: www.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.