Kent Exploration Inc.
TSX VENTURE : KEX

Kent Exploration Inc.

June 19, 2008 18:18 ET

Kent Exploration Inc.: Non-Brokered Private Placement Increased-Options Granted

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 19, 2008) - Kent Exploration Inc. (the "Company") (TSX VENTURE:KEX) announces that due to an oversubscription, it has increased the previously announced non-brokered private placement of up to 1,500,000 units at a price of 20 cents per unit for gross proceeds of $300,000, to 2,000,000 units at a price of 20 cents per unit, for gross proceeds of $400,000.

All other terms of the previously announced private placement remain the same.

The private placement is subject to a four month hold period from closing and will close when the final documentation is accepted for filing by the TSX-V.

The Company has granted 470,000 options to officers, directors and consultants to the Company exercisable at $0.25.

Kent Exploration Inc is a junior exploration company that has a 100% interest in a mining lease option on the Flagstaff Mountain property, a gold/silver/zinc/barite prospect in eastern Washington state, is earning a 100% interest in the Rosebud property, a gold/silver prospect in northern Arizona, has earned 50% of a 100% interest in the mining lease option on the Ivanhoe Creek property, a Midas-style gold/silver target and 50% of a 100% interest in the Ivanhoe Creek placer claims, covering a bentonite deposit in Nevada's Carlin Trend, and has a 100% option on the Silver Hills property, a silver/ lead/ zinc prospect in south-eastern British Columbia.

This News Release has been prepared on behalf of the Kent Exploration Inc Board of Directors, which accepts full responsibility for its contents.

ON BEHALF OF THE BOARD

Graeme O'Neill, President

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

Contact Information

  • Kent Exploration Inc.
    Graeme O'Neill
    President
    (604) 684-3394 or Toll Free: 1-866-399-6539
    1-888-282-7763 (FAX)
    Website: www.kent-exploration.com