October 21, 2005 12:57 ET

Boxxer Closes Private Placement

CALGARY, ALBERTA--(CCNMatthews - Oct. 21, 2005) - Boxxer Gold Corp. (TSX VENTURE:BXX) reported today that it has closed the private placement previously announced on October 6, 2005.

The private placement included 700,000 common shares at $0.08 per share for proceeds of $56,000, and was completed by two directors of Boxxer. A four month hold period applies to these common shares until Februrary 6, 2006. 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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