Outlook Resources Inc.
TSX VENTURE : OLR

Outlook Resources Inc.

September 29, 2005 16:33 ET

Outlook Resources: Closing of Financing

TORONTO, ONTARIO--(CCNMatthews - Sept. 29, 2005) - Outlook Resources Inc. (Outlook) (TSX VENTURE:OLR) -

Outlook Resources is pleased to report that further to its press release dated August 11, 2005, it has completed the placement of 2,771,250 units priced at $0.10 per unit for gross proceeds of $277,125. Each unit consists of one (1) common share and one (1) share purchase warrant exercisable for a period of eighteen (18) months from September 29, 2005 at a price of $0.15 per share for the first six months, $0.30 per share of the next six months and $0.60 per share for the final six months. These securities will be legended and restricted from trading until January 30, 2006. A finder's fee of $4,000 was paid to an arm's-length party is respect to this financing.

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

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