Agreement To Aquire Shining Tree Gold Prospect

Monday, 02 March 2009 00:00

Pro Minerals Inc. and its Board of Directors are pleased to announce that the Company has entered into an agreement to acquire a 100% interest in one mineral claim consisting of 5 claims units (80 hectares) located in the Churchill Township, in the Province of Ontario. The Shining Tree prospect is located within the prolific Abitibi greenstone belt which is renowned for its concentration of world-class gold and Cu-Zn-Ag-Au deposits.

Pursuant to the terms of the Agreement, Pro Minerals can acquire a 100-per-cent interest in the claim by paying the optionor a total of $10,000 and a issuing a total of 100,000 common shares of the Company as follows:

• $5,000 upon acceptance of the Agreement by the TSX Venture Exchange;
• 50,000 common shares upon acceptance of the Agreement by the TSX Venture Exchange;
• $5,000 on the first anniversary of the date of the Agreement; and
• 50,000 common shares on the first anniversary of the date of the Agreement.

The optionor will receive a 2.0% Net Smelter Return ("NSR"), of which the Company may purchase one-half of the Royalty for the sum of $500,000. The Company also retains a First Right of Refusal on the balance of the NSR. The shares to be issued to the optionor will be
subject to a hold period in accordance with the policies of the TSX Venture Exchange. The agreement is subject to the approval of the TSX Venture Exchange.

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

"Christopher B. Chu "
Christopher B. Chu - 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.