Smash Minerals Closes $7,749,049 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 4, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Smash Minerals Corp. (the "Company") (TSX VENTURE:SSH), announces that it has closed its brokered private placement (previously announced in its news release of June 27, 2011) and issued an aggregate 6,779,690 common shares (4,202,500 flow-through common shares at $1.20 per common share and 2,577,190 non-flow-through common shares at $1.05 per common share) for gross proceeds of $7,749,049.50 (the "Private Placement").

The Company engaged NCP Northland Capital Partners Inc. (the "Agent"), together with Fraser Mackenzie Limited and Fox Collins Securities Inc. as selling group members, to act as its agent in connection with the Private Placement. The Company paid commissions of up to 7% of the gross proceeds of the Private Placement, and issued compensation options (the "Compensation Options") to the Agent, members of the selling group and certain finders to acquire up to 474,578 common shares of the Company at a price of $1.20 per share until February 4, 2013.

All of the common shares issued under the Private Placement, including the Compensation Options, and all of the common shares issuable upon exercise of the Compensation Options are subject to statutory and TSX Venture Exchange imposed resale restrictions expiring on December 5, 2011.

The proceeds of the Private Placement will be used to accelerate the advancement of the Company's gold exploration project – the Whiskey Property in the Yukon.

ON BEHALF OF THE BOARD

Adrian Fleming, CEO and director

This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The common shares of Smash Minerals Corp. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.