Direct IT Canada Inc.
TSX VENTURE : DCT

Direct IT Canada Inc.

August 10, 2005 11:22 ET

Direct IT Canada Inc. announces Private Placement and Stock Option Grants

TORONTO, ONTARIO--(CCNMatthews - Aug. 10, 2005) - Direct IT Canada Inc. (TSX VENTURE:DCT) ("Direct IT" or the "Company") announces that it plans to complete a private placement of up to one million five hundred thousand (1,500,000) common shares of the Company. The price of each common share will be $0.05. Proceeds of this private placement will provide the Company with general working capital. The common shares are subject to a 4 month hold period and may not be sold or transferred for a period of 4 months from the date of issuance.

Total maximum proceeds from the private placements will be $75,000.

There are currently 6,008,000 common shares of the Company outstanding, prior to any issuances related to this private placement.

The Company also wishes to announce that it has granted 450,000 options under its Stock Option Plan to officers and directors. The stock options will be exercisable for a period of three years at a price of $0.05 per common share.

The private placement and the granting of the stock options are subject to approval from the TSX Venture Exchange.

Forward-Looking Statement

This news release contains forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The TSX Venture Exchange has not reviewed or approved the contents of this news release.

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