Goldnev Resources Inc.

Goldnev Resources Inc.

April 24, 2007 09:00 ET

Goldnev Resources Inc. Amended Private Placement

CALGARY, ALBERTA--(CCNMatthews - April 24, 2007) - Mr. Marc Dame, President and Chief Executive Officer of Goldnev Resources Inc. ("Goldnev" or the "Corporation") (TSX VENTURE:GNZ), is pleased to announce that the non-brokered private placement announced on February 9th, 2007 has been oversubscribed by over 25% and that in response the Corporation has decided to accept a portion of the over-allotment and has therefore amended and is increasing its non-brokered private placement to a maximum of up to 11,875,500 Units at $0.08 per Unit, to qualifying residents under applicable securities legislation, for gross proceeds of up to $950,000.00. Each Unit will consist of one common share and one common share purchase warrant. Each full warrant entitles the holder to purchase one additional common share of the Corporation at a purchase price of 12 cents per common share for a period of twelve months from the closing of the sale of Units.

The transaction is subject to customary regulatory approval and all common shares and underlying securities will be subject to a standard four-month hold period. The proceeds from the private placement will be used by the Corporation to fund the continued exploration and well workover and production development program for its Noel and Provost oil and gas properties, general corporate purposes and to fund possible future oil and gas acquisitions and farm-in opportunities.

Marc Dame, President of Goldnev stated, "We are very pleased at the level of participation and interest in Goldnev's private placement. Upon the final closing of the private placement financing which is expected to be completed by April 30, 2007, Goldnev will now have all the required funding to fully complete it production development program on its Noel and Provost properties which should provide the Corporation sufficient oil and gas production revenues in the very near future."

About Goldnev

Goldnev Resources Inc. is a public energy company with assets in Northeastern British Columbia and North Central Alberta. Goldnev shares trade on the TSX Venture Exchange under the symbol "GNZ".

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

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