Ressources Appalaches inc.
TSX CROISSANCE : APP
TSX VENTURE : APP

Ressources Appalaches inc.

December 28, 2006 14:26 ET

Ressources Appalaches: $ 869 000 Private Placements

RIMOUSKI, QUEBEC--(CCNMatthews - Dec. 28, 2006) - Ressources Appalaches (TSX VENTURE:APP) has completed two private placements for the amounts of $ 400 000 and of $ 469 000. Both placements carry the same terms and conditions.

The Offerings, for accredited investors and for employees, executive officers, directors and consultants, has realized the issuance of a 1 738 Units at a price of $0.12 per Unit. Each Unit consists of one common share and 1/2 warrant. Each warrant may be exercised at a price of $0.15 per share until December 28, 2008. If, at any time, the trading price of the common shares of the Company on the TSX Venture Exchange is equal to or exceeds $0.30 for 10 consecutive trading days, as determined by the share price at the close of market, Ressources Appalaches shall be entitled to notify in writing the holders of warrants of its intention to adjust the exercise price of the warrants. Upon receipt of such notice, the holders of warrants shall have 10 business days to exercise the warrants, failing which the exercise price of the warrants will automatically be adjusted to $0.25 until their expiration. The Shares issued pursuant to the Offerings may not be traded until April 29, 2007. Up to 80% of the Shares issued pursuant to the Offerings may be designated Flow-Through Shares. Proceeds from the placements will be used to conduct exploration work on the Company' properties in Quebec and outside of Quebec. The planned work program is budgeted at $ 695 200 for drilling and geological mapping.

Following completion of the placement the Company will have 54 907 153 shares issued and outstanding.

Additional information concerning these financings is available from the Company.

The TSX Venture Exchange does not accept any responsibility for the content of this press release as being truthful or accurate.

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