RESSOURCES MINIERES PRO-OR INC.
TSX VENTURE : POI

RESSOURCES MINIERES PRO-OR INC.

May 10, 2011 09:16 ET

Ressources Minieres Pro-Or Inc.: $2,000,000 Private Placement

MONTREAL, QUEBEC--(Marketwire - May 10, 2011) -Ressources Minières Pro-Or Inc. (TSX VENTURE:POI) announces that it is currently completing a Private Placement of up to $2 million. This placement will be completed with "Accredited Investors" and is offered in units of $2,000 each. The units are made up of i) ten thousand common Class "A" treasury shares at a price of $0.20 per share, and: ii) 10,000 common class « A » share purchase warrants with an exercise price of $0.40 per share good for a period of twelve months following the closing of the placement. The warrants will be subject to an Accelerator Clause by which the warrant expiry date can be shortened at the choice of the Corporation if the share price closes on the Exchange at $0.65 or more for a period of more than twenty (20) consecutive trading days. In such a case, the new expiry date will be presumed to be the thirtieth days following the formal written notification by the Corporation. This notice cannot be issued during the first four (4) months following the placement close which corresponds to the regulatory hold period that affects all Private Placements.

The Private Placement proceeds will be for the Corporation working capital requirements.

The shares issued under the terms of this placement are subject to a regulatory hold period of four (4) months.

There are no fees payables under this placement and the placement is subject to regulatory approvals.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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