Windarra Minerals Ltd.
TSX VENTURE : WRA

Windarra Minerals Ltd.

November 23, 2010 15:41 ET

Windarra Minerals Ltd. Announces $900,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 23, 2010) -

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

Windarra Minerals Ltd. (the "Company") (TSX VENTURE:WRA) is pleased to report that it has entered into an engagement agreement with Pollitt & Co. Inc. to raise up to $900,000 in gross proceeds by way of a best efforts private placement (the "Offering"). The Offering will consist of the issuance of up to 3,000,000 flow-through shares at a price of $0.20 per share to raise gross proceeds of $600,000 and 2,000,000 non-flow-through shares at a price of $0.15 per share to raise gross proceeds of $300,000.

The agent will receive a commission equal to 6% of the gross proceeds from the sale of the Offering payable in cash.

Proceeds from the Offering will be used to finance further exploration on the Company's Mishi leases located in the Mishibishu area in Ontario, and for general working capital.

The Offering is subject to receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

On Behalf of the Board,

Windarra Minerals Ltd.

John Pallot, President, Director

This news release required by applicable Canadian laws, is not for distribution to U.S. news wire services or for dissemination in the United States, and does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. The foregoing arrangements are subject to regulatory acceptance.

Neither the 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.

Contact Information