Kilgore Minerals Ltd.

Kilgore Minerals Ltd.

March 02, 2005 17:26 ET

Kilgore Reports Closing of Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: KILGORE MINERALS LTD.

TSX VENTURE SYMBOL: KAU

MARCH 2, 2005 - 17:26 ET

Kilgore Reports Closing of Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 2, 2005) - Kilgore
Minerals Ltd. (TSX VENTURE:KAU), Shares Issued: 11,918,395) reports that
the non-brokered private placement announced on January 27, 2005 has
closed, raising gross proceeds of $350,000. The securities issued in
this private placement are subject to a hold period expiring at midnight
on June 29, 2005.

ON BEHALF OF THE BOARD

Danny Lowe, CFO


-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Kilgore Minerals Ltd.
    Danny Lowe
    CFO
    1-888-554-5467
    info@kilgoregold.com
    www.kilgoregold.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this news release.