Goldnev Resources Inc.
TSX VENTURE : GNZ

Goldnev Resources Inc.

July 02, 2008 09:00 ET

Goldnev Resources Inc. Announces Private Placement Financing

CALGARY, ALBERTA--(Marketwire - July 2, 2008) - Goldnev Resources Inc. ("Goldnev" or the "Corporation") (TSX VENTURE:GNZ), announces it intends to complete a private placement of up to a maximum of 10,000,000 Units at $0.25 per Unit, to qualifying residents under applicable securities legislation, for gross proceeds of $2,500,000.00 (the "Offering"). 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 $0.35 cents per common share 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 to augment the Corporation's 2008 drilling and development program for its Pasquia Hills and Noel properties. For further details on the private placement, please contact Goldnev at the contact information provided below.

About Goldnev

Goldnev Resources Inc. is a public energy company focused on conventional and unconventional oil and gas production with assets in northeastern British Columbia, north central Alberta and an oil shale development project in east central Saskatchewan. Goldnev shares trade on the TSX Venture Exchange under the symbol "GNZ."

Anyone wishing to be added to the Corporation's news release recipients list may forward an e-mail request to info@goldnevresources.com.

For further information on Goldnev, please visit our website at www.goldnevresources.com, or email at info@goldnevresources.com.

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

Contact Information