April 25, 2007 08:45 ET

Boxxer Gold Announces $1,500,000 Financing

CALGARY, ALBERTA--(CCNMatthews - April 25, 2007) - Boxxer Gold Corp. (TSX VENTURE:BXX) ("Boxxer" or the "Corporation") today announced its intention to raise up to $1,500,000 by way of a brokered offering of units by way of private placement (the "Offering"). A total of up to 15,000,000 units (each a "Unit") will be offered for sale at a price of $0.10 per Unit. Each Unit will consist of one common share in the share capital of Boxxer ("Common Share") and one-half of a Common Share purchase warrant ("Warrant"). Each Warrant shall be exercisable for 18 months from the date of issuance into one Common Share at a price of $0.20 per Common Share.

M Partners Inc. (the "Agent") has agreed to act as agent for the Offering on a commercially reasonable best efforts basis and will receive a cash commission equal to 7% of the gross proceeds received by Boxxer. The Agent will also receive non-transferable warrants to purchase that number of Units equal to 7% of the Units sold exercisable at a price of $0.10 per Unit for a period of 24 months from the closing of the Offering.

Boxxer will use the proceeds of the Offering to fund exploration expenditures on the Corporation's Boss, Buena Vista, Boyer Ranch and Cortez Hills projects and for general working capital purposes. The Offering 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.

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

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