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Proposed Private Placement
April 5, 2007
Wildrose Resources Ltd. ("Wildrose") has entered into a non-brokered private placement agreement, subject to regulatory approval, for the sale of up to 1,000,000 units of Wildrose at a price of $0.90 per unit. Each unit shall consist of one non-flow-through common share and one common share purchase warrant. Each warrant shall be exercisable for the purchase of an additional Wildrose common share for a period of one year from the date of regulatory approval of the offering at a price of $1.10 per share.
Total gross proceeds of the offering will be up to $900,000.
The company shall pay no fees or commissions on behalf of the placement.
The net proceeds of the offering shall be applied to exploration of the Spanish Mountain mineral project in British Columbia and to general working capital.
This offering is subject to approval of the TSX Venture Exchange.
On behalf of the board of directors of Wildrose Resources Ltd.;
G. L. Garratt, P.Geo., Director
Wildrose Resources Ltd.
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