Fundy Minerals
LSE : FUND

February 25, 2009 02:00 ET

Placing

                                                                                                      
                                                                                                      
                                                                                                      
                                                                                     25  FEBRUARY 2009
                                                                                                      
                                                                             CA3608971022/GBP/PLUS-exn

                                                                                                      
                                                                                                      
                                                   
                                          FUNDY MINERALS LTD
                                          (PLUS MARKET: FUND)
                                                   
                                                PLACING

The  Board  of Fundy Minerals Ltd ("Fundy" or "the Company"), a Canadian and West African  Exploration
Company  is  pleased  to  announce  the placing of 25,000,000 new Ordinary  Shares  with  Wills  &  Co
Stockbrokers  Ltd  at  a  price of 0.5p per share representing 17% of the issued  share  capital.  The
proceeds of the placing, which amount to GBP125,000 will be used for working capital purposes.

As  a  result,  there  are now 147,151,450 shares of C$0.01 in issue. The Directors  own  6,351,875
shares, representing 4.32% of the issued share capital.

               The Directors of the Issuer accept responsibility for this announcement.

                                                --ENDS-
                                                   

ENQUIRIES:


ST HELEN'S CAPITAL PLC                                                  TEL: 020 7628 5582
Barry Hocken

FUNDY MINERALS LTD                                                   TEL: 001 561 575 1720
Jeff Michel, Chairman / CEO
EMAIL: INFO@FUNDYMINERALS.COM






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