Manson Creek Resources Ltd.

Manson Creek Resources Ltd.

March 30, 2006 17:24 ET

Manson Creek Announces Flow Through Private Placement

CALGARY, ALBERTA--(CCNMatthews - March 30, 2006) - Subject to regulatory approval, Manson Creek Resources Ltd. (TSX VENTURE:MCK) ("Manson Creek") is pleased to announce a proposed non-brokered private placement of up to $425,000.

The private placement is comprised of a maximum of 2,500,000 Flow-Through Units issued at $0.17 per Unit. Each of the 2,500,000 Flow-Through Units will be comprised of one Flow-Through common share of Manson (a "Flow Through Share") and one Flow-Through Share purchase warrant that may be exercised to purchase one Flow Through Share at a price of $0.20 for a period of two years from the date of issue.

The Units will be offered by way of private placement exemptions in certain provinces of Canada, and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended.

Proceeds of the financing are to fund Manson Creek's 2006 exploration programs that will see exploration programs conducted on five separate projects located in British Columbia and the Yukon. The work will include two diamond drill programs, induced polarization (IP) and magnetic geophysical surveys, and several soil geochemistry surveys.

British Columbia will be the focal point in 2006 with exploration planned for four separate properties. The Meridian gold-silver project will have a program of detailed mapping and sampling prior to the planned summer diamond drilling. Evaluation of the adjacent Gillman-Silver Dollar silver-lead-zinc prospect with mapping and soil sampling will take place in early summer. Induced Polarization (IP) geophysical surveys on the Palomino copper-gold prospect and the CR copper-molybdenum prospect will take place in the first week of June with follow up diamond drilling planned for the Palomino project.

The Cuprum copper-zinc project, located near Whitehorse, YT, will have additional geophysical and geochemical surveys that will examine and define the anomalies outlined in 2005.

"Regan Chernish"

Regan Chernish, P. Geol.

President and Director

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 potential extent of mineralization and reserves, exploration results and future plans and objectives of Manson Creek Resources Ltd. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof and the need for adequate financing for future exploration and development efforts. 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. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

No Canadian Stock Exchange has approved nor disapproved of the information contained herein.

Contact Information

  • Manson Creek Resources Ltd.
    Regan Chernish
    President and Director
    (403) 233-0464