Hot Off the Press!

Please check back through the news, as new Participating companies are added, for some ‘historical news’…

Vancouver. Merit Mining Corp. (TSX-V: MEM) has closed the first tranche private placement with Wega Mining ASA of Oslo, Norway for the equity financing of 4,761,904 common shares for total proceeds of $1,000,000, previously announced on March 19, 2007 (NR 07-06).

The units, priced at $0.21 per unit, are comprised of one common share. Securities issued pursuant to the private placement will be subject to a four month hold until July 31, 2007.

Proceeds of the private placement will be used to continue advancing the Company’s Greenwood Gold Project, including engineering, permitting, and metallurgical test work, and for general working capital.

Merit Mining Corp.
Signed “Fred Sveinson
Fred Sveinson, President & CEO

For further information please contact:
Fred Sveinson at (604) 694-2344

For Investor Relations Information Contact
MarketSmart Communications (604) 261-4466 or 1-877-261-4466

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.