DITEM EXPLORATIONS INC.
TSX VENTURE : DIT

DITEM EXPLORATIONS INC.

December 11, 2006 16:10 ET

Ditem Explorations: $1.2 Million Brokered Private Placement

MONTREAL, QUEBEC--(CCNMatthews - Dec. 11, 2006) - Ditem Explorations (TSX VENTURE:DIT) is pleased to announce that it has entered into an agreement with Bearbeech Capital Partners Corp. for a brokered private placement of up to 2,666,666 Units at a price of $0.45 per Unit for gross proceeds of up to $1.2 million. Each Unit is comprised of one common share and one-half of one common share purchase warrant, each of which full warrant is exercisable at a price of $0.60 for 24 months from date of closing.

The offering will be made to accredited investors, within the meaning of National Instrument 45-106, in the Provinces of British Columbia, Alberta, Ontario and Quebec. The closing is expected to occur on or before December 14th, 2006, and is subject to the receipt of all the required regulatory approvals, including the approval of the TSX Venture Exchange. All the securities issued pursuant to the offering shall be subject to a hold period of four months from the date of closing. A commission equal to 8% of the gross proceeds, as well as broker unit warrants equal to 10% of issued units at $0.45, will be payable by the Corporation to Bearbeech Capital Partners Corporation.

The proceeds from the private placement will be used by Ditem for exploration primarily on the Otish Mountains Property in Quebec, the Beartooth Island Project in the Athabasca Basin of Saskatchewan and the Cree Lake Property also in the Athabasca Basin of Saskatchewan, as well as for general working capital.

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

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