Pro Minerals Engages IBK Capital As Lead Investment Bank To Raise Up To $1 Million

Vancouver, BC – Monday, July 5^th 2010

Pro Minerals Inc. (TSX.V: PRM); and its Board of Directors are pleased to announce that the Company has engaged IBK Capital Corp to act as lead investment bank for a non-flow-through offering of up to $1 million dollars in a brokered, best-efforts private placement of Units of the Company at a price of 7 cents per Unit. Each Unit consists of one common share and one share purchase warrant of the Company. Each warrant entitles the holder to purchase one additional common share of the Company at 15 cents for a period of two years following the closing of the offering. The primary purpose of the new financing is for development of the Company’s Shining Tree, and Lac Laura Gold Projects. Pro has selected IBK Capital to lead this round of financing because of IBK Capital's impressive history, spanning more than 21 years in the mining, renewable energy and technology market sectors. Over the past sixteen years, IBK have raised over $700 million in equity-related funding for junior clients. IBK will start scheduling meetings with the investment community immediately.

In conjunction with IBK’s financing efforts, Pro will also be completing a non-brokered financing under the same terms listed above.

The offerings are subject to all necessary regulatory requirements, including the approval of the TSX Venture Exchange. All securities issued pursuant to the offering will be subject to the regulatory hold period of four months.

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

“Adrian O’Brien”

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Adrian O’Brien – President/CEO

Please visit our 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. For more information please contact us at 1-877-663-6168 or 604-608-6168.

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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.