Private Placements

Thursday, 14 August 2008 00:00

Vancouver, BC – August 14, 2008

Pro Minerals Inc. (TSX.V Symbol – “PRM”, and it’s Board Of Directors are pleased to announce that the Company has arranged, subject to regulatory approval, a flow-through private placement of 2,750,000 units at a price of $0.10 per unit for total proceeds of $275,000.00.

Each unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company at a price of $0.20 per share if exercised in the first year and $0.25 if exercised in the second. The Company has agreed to pay a finder’s fee of 458,000 warrants, each warrant entitling the holder to purchase one common share of the Company for a period of two years at a price of $0.10. The Company has also arranged, subject to regulatory approval, a private placement of 300,000 units at a price of $0.10 per unit for total proceeds of $30,000.00, each unit consisting of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company for a period of two years at a price of $0.20 per share.

Pro Minerals invites the public to visit its website at www.promineralsinc.com or e-mail us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it to be added to the Company’s e-mail list for press releases and updates.

ON BEHALF OF THE BOARD OF DIRECTORS OF PRO MINERALS INC.

Christopher B. Chu - President