Entourage Metals Ltd.
TSX VENTURE : EMT

Entourage Metals Ltd.

May 16, 2011 09:01 ET

Entourage Metals Closes $1 Million Private Placement with Kinross Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 16, 2011) -Entourage Metals Ltd. (TSX VENTURE:EMT) (the "Company") announces that further to its news release dated May 9th, 2011, the Company has closed its non-brokered private placement of 1,550,000 common shares at a price of $0.65 per share for proceeds of $1,007,500. All securities distributed under the private placement are subject to a four-month hold period expiring Sept. 12, 2011. No finders fees were paid in connection with this financing.

Kinross Gold Corporation subscribed for all 1,550,000 shares, which represents approximately 6.9% of the Company's issued and outstanding shares. Entourage has agreed to grant Kinross an anti-dilution right to maintain a 5% share ownership during future financings.

The Company intends to use proceeds from the private placement to advance the Company's projects in Ontario, and for general working capital.

Entourage Metals has active mineral projects in the Hemlo Greenstone Belt in Ontario. Details on Entourage Metals' portfolio can be reviewed at the Company's website at www.entouragemetals.com.

Cautionary Notice: This release may contain forward-looking statements or forward-looking information regarding the Company's business or financial condition, including the proposed completion of private placements, anticipated regulatory approvals, the intended use of proceeds and exploration programs. Actual results could differ materially from those described in this release as a result of many factors, including without limitation the timing, results and success of exploration and development programs, financial arrangements and the ability to obtain financing, developments in global resource markets, the timing of regulatory and environmental approvals and other factors. Forward-looking statements are made in the context of information available as of the date stated. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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