August 17, 2005 12:20 ET

Boxxer Closes Private Placement

CALGARY, ALBERTA--(CCNMatthews - Aug. 17, 2005) - Boxxer Gold Corp. (TSX VENTURE:BXX) reported today that it has closed the private placement previously announced on August 8, 2005.

The private placement included 500,000 Units at $0.10 per Unit for proceeds of $50,000 and was completed by two directors and an associated individual of Boxxer. Each unit consisted of one common share and one-half transferable common share purchase warrant. Each full warrant allows the holder to exercise into one additional common share of Boxxer for a period of two years, at $0.15 for the first year and $0.20 in the second year. A four month hold period applies to these common shares until December 8, 2005. No commission or finders fee was payable on this transaction.

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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.

The TSX Venture Exchange Does Not Accept Responsibility for the Adequacy or Accuracy of This Release.

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