Nomad Ventures Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 10, 2011) - Nomad Ventures Inc. ("Nomad" or the "Company") (TSX VENTURE:NMD) is pleased to announce a non-brokered private placement of up to 3,000,000 units of the Company (the "Units") at a price of $0.145 per Unit for aggregate gross proceeds of up to $435,000. Each Unit will consist of one common share and one common share purchase warrant of the Company which will entitle the holder to purchase an additional common share of the Company for a period of five years following the date of issuance of the warrants at a price of $0.19 per share. All securities issued pursuant to this private placement will be subject to hold periods in accordance with TSX Venture Exchange policies and applicable securities laws.

The private placement is subject to the approval of the TSX Venture Exchange. The Company intends to use the proceeds of the private placement for the identification, acquisition, evaluation and exploration of business opportunities.

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements about the use of proceeds, the completion of the private placement on the terms set forth herein, the anticipated closing date of the private placement and the use of proceeds from the private placement are forward looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the reports and filings of the Company with the TSX Venture Exchange and applicable Canadian securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.