Mr. Michael McPhie reports

CURIS ANNOUNCES $6 MILLION PRIVATE PLACEMENT FINANCING

Curis Resources Ltd. has arranged a $6-million non-brokered private placement financing, pursuant to which Curis will issue 6,818,182 common shares in the capital of Curis at a price of 88 cents per share, in equal portions to two unrelated subscribers, Sino-Canada Natural Resources Fund I and Sino Canada Zheshang Mining Investment Ltd.

"The financing has been arranged at a premium to current market prices at a time when many companies in the mining industry are having significant challenges raising capital," commented Michael McPhie, president and chief executive officer of Curis. "This investment is a strong indication of support and confidence in the management and future prospects of Curis and our flagship Florence copper project. The funding provides Curis with additional resources to advance Florence copper through the final stage of project permitting for our first phase of development as well as working capital to support the ongoing growth and development of the company."

"This investment matches our fund's investment strategy in Canada's natural resources sector," indicated Thomas Lau, managing partner of Sino-Canada Natural Resources Fund I. "The Sino-Canada Natural Resources Fund will keep supporting Curis to reach commercial production in the near term."

Proceeds from the private placement will be used to advance the development of the company's flagship in situ copper recovery project in Florence, Ariz., and for general working capital. A finder's fee is payable in cash to an arm's-length party based on the gross proceeds of the private placement. The private placement is subject to the final approval of the Toronto Stock Exchange.

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