Prominex Resource Corp.

Prominex Resource Corp.

March 31, 2006 17:43 ET

Prominex Resource Corp.: Private Placement Over-subscribed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 31, 2006) - Prominex Resource Corp. (TSX VENTURE:PXR) -

Mr. Allen Rose reports:

Prominex Resource Corp. announced today that it has accepted subscriptions to purchase 2,240,000 units, consisting of one share and one non-transferable warrant, for total proceeds of $448,000. This financing was originally proposed at $400,000 as announced on December 2, 2005 and confirmed in a news release on March 27, 2006.

Each warrant will be for two years and entitle the holder to purchase one additional common share for C$0.30 in the first year and C$0.40 in the second subsequent year.

Finders' fees of 10% may be paid in connection with certain arms length subscriptions.


T. Allen Rose, Director

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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