Strongbow Exploration Inc.

Strongbow Exploration Inc.

May 16, 2008 12:36 ET

Strongbow Exploration Inc.: Non-Brokered $300,000 Private Placement Closed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 16, 2008) - Strongbow Exploration Inc. (the "Company") (TSX VENTURE:SBW) is pleased to announce that the non-brokered private placement of 750,000 flow-through units of the Company previously announced on May 14, 2008 has closed. The Company sold 750,000 flow-through units at $0.40 per flow-through unit for gross proceeds of $300,000. Each flow-through unit consists of one flow-through share and one half of one non-flow-through share purchase warrant. Each whole warrant will entitle the holder to purchase one additional non-flow-through common share of the Company for a period of twelve months at a price of $0.45 per share. Each flow-through share issued under this non-brokered private placement is to be qualified as a "flow-through" share under the Income Tax Act (Canada). The flow-through shares, the warrants and the shares underlying the warrants are subject to a hold period expiring on September 15, 2008.

The net proceeds from the private placement financing will be used to fund exploration of Strongbow's Snowbird nickel project properties, including the Nickel King property, and its other Canadian mineral properties.

About Strongbow Exploration Inc.

Strongbow is a Canadian exploration company with exploration programs currently underway at its wholly owned Nickel King and Snowbird nickel projects. These programs are part of Strongbow's ongoing evaluation of the nickel-copper-PGE potential of the Snowbird Tectonic Zone (SBTZ) in Saskatchewan and southern Northwest Territories. The SBTZ is a major crustal scale structure and represents an underexplored region of Canada that is prospective for magmatic sulphide nickel deposits. Strongbow holds approximately 900,000 acres of mineral claims and permits along a 240 km strike length of the southern SBTZ. For further information visit


Kenneth A. Armstrong, President and CEO

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

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