First Pursuit Ventures Ltd.
NEX BOARD : FPV.H

March 23, 2009 18:30 ET

First Pursuit Cancels Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 23, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

First Pursuit Ventures Ltd. (NEX:FPV.H) (the "Company") announces that it is cancelling its previously announced private placement of up to 5.7 million units (the "Unit") at a price of $0.08 per Unit due to current market conditions.

The Company will continue to review and assess prospective mineral properties and to consider financing at a later date when market conditions are more suitable.

Currently the Company is a mineral exploration company whose principal focus is the acquisition, exploration and development of mineral properties. The Company's management and board of directors possess experience in the mining industry. The Company is authorized to issue an unlimited number of common shares. As at March 20, 2009 there were 5,779,917 Shares outstanding.

ON BEHALF OF FIRST PURSUIT VENTURES LTD.

Terry Fields, President and Director

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.

Contact Information

  • First Pursuit Ventures Ltd.
    Investor Relations
    (604) 682-2928
    (604) 685-6905 (FAX)