Plexmar Resources Inc.

Plexmar Resources Inc.

August 26, 2005 20:00 ET

Price Adjustment for Private Placement

QUEBEC, QUEBEC--(CCNMatthews - Aug. 26, 2005) - Plexmar Resources Inc. (TSX VENTURE:PLE)

Due to market constraints, the Company has decided to adjust the price of its private placement previously announced on July 5 2005. The revised price is now 0.05 $ per share with one warrant per share. The warrant allows the holder to buy 1 share at a price of 0.10$ for a period of 24 months after closing. The private placement has a minimum of $150,000 and a maximum of $900,000.

The financing expects to close on or around September 20th 2005. The funds will be used to explore the gold projects in Peru and for general working capital.

46 M shares outstanding

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

Contact Information

  • Plexmar Resources Inc.
    Guy Bedard
    (418) 658-6776
    (418) 658-8605 (FAX)
    Paradox Public Relations
    1 (866) 460-0408
    (514) 341-0408