Garrison International Ltd.

Garrison International Ltd.

March 23, 2007 17:00 ET

Garrison International Ltd. Closes Private Placement Financing of $1.6 Million

TORONTO, ONTARIO--(CCNMatthews - March 23, 2007) - Garrison International Ltd. (TSX VENTURE:GAU) (the "Company") is pleased to announce that it has closed a private placement (the "Private Placement") and has sold 18,868,000 common share units (each consisting of one common share and one share purchase warrant) at $0.085 per unit, for total gross proceeds of approximately $1,603,780. Each whole warrant is exercisable for one common share at a price of $0.105 per share exercisable until 12 months from its date of issue.

In connection with the Private Placement, no finders, brokers or other agents are entitled to receive either warrants or a cash commission.

The Private Placement is subject to acceptance by the TSX Venture Exchange.

The net proceeds of the Private Placement will be used to fund the Company's exploration programs in Mongolia, China and Guyana and for other permitted general corporate purposes.

About the Company

Garrison is a junior mineral exploration company focused on acquiring and developing advanced stage gold properties in Mongolia and China. For complete details on Garrison International Ltd. and its partners, management encourages investors and interested parties to view its public documents filed on SEDAR at


No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the future plans and objectives of Garrison International Ltd. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Garrison International Ltd. assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

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

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