Trade Winds Ventures Inc.

Trade Winds Ventures Inc.

October 25, 2010 16:05 ET

Trade Winds Announces $2.5 Million Bought Deal of Flow-Through Common Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2010) -


Trade Winds Ventures Inc. (TSX VENTURE:TWD) announced today that it has entered into an agreement with Desjardins Securities Inc. for the purchase, on a bought deal basis, of 8,100,000 flow-through common shares (the "Flow-Through Common Shares") at a price of $0.31 per Flow-Through Common Share, for gross proceeds of $2,511,000. In addition, the underwriter has the option to purchase an additional 15% Flow-Through Common Shares prior to closing on the same terms and conditions. The offering is subject to certain conditions, including the approval of the TSX Venture Exchange, and closing is anticipated to occur on or before November 12, 2010.

The net proceeds from the Offering will be used for eligible exploration expenditures on the Company's Block A JV and their GoWest project, both located immediately west of Detour Gold's Detour Lake gold project in northeastern Ontario, which contains a mineral reserve of 11.4 million ounces of gold. Trade Winds has agreed that expenditures incurred with proceeds will constitute Canadian exploration expense ("CEE") (as defined in the Income Tax Act) and will be renounced to the subscribers.

The Flow-Through shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

About Trade Winds Ventures Inc.

Trade Winds Ventures Inc. is a Canadian gold exploration and development company focused, as operator, on advancing its Detour Lake properties to the feasibility study stage. The Block A 50% JV and adjacent 100% owned Gowest properties are located in the Detour Lake Mining District, north of the prolific gold mining camp of Timmins, Ontario, Canada. The current NI 43-101 technical reports on Block A and Gowest properties by Watts Griffis and McOuat delineated a total indicated mineral resource of 2,010,711 ounces of gold and an inferred resource of 2,004,585 ounces of gold (includes the 50% portion to Detour Gold on Block A). Contained within this total resource is the Block A (100%) in-pit mineral resource estimate of 44.7 Mt with an indicated resource of 1.2 million ounces and an inferred resource of 277,000 ounces of gold at an average grade of 1.02 grams/tonne (g/t), as outlined in the July 9, 2009 Technical Report by WGM.

Forward Looking Information

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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