Windarra Minerals Ltd.
TSX VENTURE : WRA

Windarra Minerals Ltd.

December 23, 2010 15:41 ET

Windarra Minerals Ltd. (WRA.V) Announces Closing of Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 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 closed a previously announced (November 23, 2010) brokered private placement (the "Offering") with Pollitt & Co. Inc. consisting of 3,044,500 flow-through shares sold at a price of $0.20 per share for gross proceeds of $608,900 and 2,000,000 non-flow-through shares sold at a price of $0.15 per share for gross proceeds of $300,000. The shares are subject to restrictions on resale to April 24, 2011. Pollitt & Co. Inc., as agent, received a cash commission equal to 6% of the gross proceeds from the sale of the Offering payable in cash plus the agent's expenses.

Proceeds from the Offering will be applied to a drilling/exploration program on the Company's Mishi leases located in the Mishibishu area in Ontario, and for general working capital.

On behalf of the Board of Directors

John Pallot, President

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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