Pro Minerals AGM Summary and Financing Update

Vancouver, BC -, Tuesday December 1st, 2009, 12:00 pm PST  

Pro Minerals Inc. (TSX.V: PRM); and its Board of Directors are pleased to announce that at the Annual General Meeting of the Company held on November 2, 2009 the shareholders of the Company elected management’s nominees to the board of directors for the following year.

At the meeting disinterested shareholders also approved amendments to the Company’s Incentive Stock Option Plan increasing the number of common shares which may be issued under the Plan to 7,329,174 shares, increasing the maximum term of options to 10 years and removing vesting provisions contained in the Plan.  Disinterested shareholders also approved the grant of stock options during the next year to individuals in excess of 5% of the Company’s issued shares and to insiders as a group in excess of 10% of the Company’s issued shares.

The company also wishes to announce that Patrick D. O’Brien, ICD.D has agreed to join the company’s Board Of Directors. Mr. O’Brien’s wealth of experience will be a significant benefit to the Pro Minerals team.

In addition, the company advises that the private placement announced on October 14th, 2009, for the placement of 9,005,000 units and proceeds of $445,000 has closed in its entirety. The shares issued in that placement are subject to a statutory hold period until February 6th 2010. The private placement announced on November 4th, 2009, for the placement of 1,385,000 units and proceeds of $96,000 has also closed in its entirety. The shares issued in that placement are subject to a statutory hold period until March 6th 2010.

Pro Minerals invites the public to visit its website at http://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.

 

“Adrian O’Brien”

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Adrian O’Brien – President/COO

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.