Mr. Michael Schuss reports

CANADIAN INTERNATIONAL MINERALS INC. ARRANGES FINANCING

Canadian International Minerals Inc. has arranged a private placement of up to two million units at a price of 3.5 cents per unit for total gross proceeds of up to $70,000. Each unit consists of one common share and one transferable warrant, each warrant exercisable into one additional common share for a period of two years from the date of issue, at a price of five cents per share in the first year and seven cents per share in the second year.

Proceeds of the private placement will be used as shown in the table.

Description                        Amount  
  
Internet/telephone              $1,500.00 
Legal/paralegal                 $5,000.00 
Accounting                      $5,000.00 
Michael Schuss, president
and chief executive officer     $5,000.00 
Lac Manitou platinum group
metals project                 $15,000.00
Leduc lithium project          $20,000.00
Unallocated working capital    $18,500.00
Total                          $70,000.00

Unallocated working capital will be used to maintain operations, and cover general and administrative expenses for the next six months.

Finders' fees may be payable in whole or in part on the placement pursuant to the policies of the TSX Venture Exchange.

The private placement is subject to the acceptance of the TSX Venture Exchange.