Prominex Resource Corp.

Prominex Resource Corp.

November 13, 2007 09:22 ET

Prominex Closes 1st Tranche of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2007) - Prominex Resource Corp. (TSX VENTURE:PXR) (Prominex) announced today that it has received final acceptance from the TSX Venture Exchange for the 1st Tranche of the private placement announced October 9, 2007. The 1st tranche is being closed for 4,590,000 at a price of $0.10 per unit for total proceeds of $459,000.00. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase an additional common share at $0.13 for 18 months. Finders' fees totaling $18,000.00 representing 10% of some of the funds raised will be paid to arms length persons.


Lorne King, President and CEO

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as expects, "will", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur.

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

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