BOXXER GOLD CORP.
TSX VENTURE : BXX

BOXXER GOLD CORP.

July 10, 2008 06:00 ET

Boxxer Gold Corp Announces Termination of Letter of Intent to Complete Business Combination

CALGARY, ALBERTA--(Marketwire - July 10, 2008) - BOXXER GOLD CORP ("Boxxer") (TSX VENTURE:BXX) announces that the Letter of Intent (see news release dated June 26, 2008) for a proposed arm's length business combination (the "Proposed Transaction") including Teras Resources Inc., with a wholly owned subsidiary of Prize Mining Corporation has been jointly terminated by the parties.

About Boxxer Gold Corp.

Boxxer Gold is a Canadian junior resource company involved in the exploration of copper-gold porphyry and Iron-Oxide-Copper-Gold projects in the state of Nevada, and a shear hosted gold project located 110 kilometres north of Yellowknife NWT, Canada.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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