Private Placement

Vancouver, BC – October 21, 2011

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 private placement of 6,400,000 units at a price of $0.05 per unit for total proceeds of $320,000.00.  Each unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional common share of the Company for a period of 5 years at a price of $0.10 per share.  The proceeds from the financing will be used for general working capital purposes.

ON BEHALF OF THE BOARD OF DIRECTORS

OF PRO MINERALS INC.

“Patrick D. O’Brien”                                  

Patrick D. O’Brien, ICD.D – Chairman

Neither the 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.