Marauder Resources East Coast Inc.

Marauder Resources East Coast Inc.

March 14, 2005 12:37 ET

Marauder Resources East Coast Inc. Announces Proposed Private Placement of Shares


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MARAUDER RESOURCES EAST COAST INC.

TSX VENTURE SYMBOL: MES

MARCH 14, 2005 - 12:37 ET

Marauder Resources East Coast Inc. Announces Proposed
Private Placement of Shares

CALGARY, ALBERTA--(CCNMatthews - March 14, 2005) - Marauder Resources
East Coast Inc. (TSX VENTURE:MES) ("Marauder") advises that it has
entered into an engagement agreement with Dundee Securities Corporation
to lead a group of investment dealers in a proposed $26,000,000 private
placement of common shares. The proceeds of the placement will be used
for drilling of an exploration well, offshore Nova Scotia, located on
exploration license #2357 (Grand Pre). The well is expected to evaluate
a prospect along trend with the Deep Panuke natural gas discovery.

Marauder also owns a 50% working interest in the shallow rights in
production license #2901 and #2902 along with deep rights on a portion
of the production license #2901 in offshore Nova Scotia. Marauder's net
acreage in these blocks is 9,192 acres. On drilling and testing of a
well on exploration license #2357, Marauder will earn a 35% working
interest in the exploration license and have a net holdings in the
license of 11,240 acres.

This news release may contain forward-looking information. Actual future
results may differ materially from those contemplated.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Marauder Resources East Coast Inc.
    Robert V. Shields
    (403) 262-3907
    Email: rvs@maraudernrg.ca
    or
    Marauder Resources East Coast Inc.
    720, 440 - 2nd Avenue S.W.
    Calgary, Alberta T2P 5E9
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.