Cusac Gold Mines Ltd.
TSX : CQC
OTC Bulletin Board : CUSIF

Cusac Gold Mines Ltd.

October 06, 2005 09:00 ET

Cusac Gold Mines Ltd.: Financing Arranged

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 6, 2005) - David H. Brett, President, Cusac Gold Mines Ltd. (TSX:CQC)(OTCBB:CUSIF) (the "Company"), reports that the Company has arranged non-brokered private placements of up to 1.5 million flow through units at $0.18 per unit, subject to regulatory approval, to provide up to $270,000 for ongoing exploration on the Taurus II open pit gold target located on the Company's 100% owned Table Mountain Gold Property near Cassiar in Northern British Columbia. Diamond drilling to follow up on encouraging results announced in August and September is scheduled to commence in mid October 2005.

Each flow through unit will consist of one common share and one half of one warrant to purchase a non-flow through share at a price of $0.24 for a period of one year. A finder's fee of 10% payable in stock at $0.18 per share may be payable on a portion of the financing.

CUSAC GOLD MINES LTD.

David H. Brett, President & CEO


The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information