Mr. Sandy MacDougall reports

ALBA MINERALS LTD. CLOSES SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

The TSX Venture Exchange has accepted for filing the second and final tranche of Alba Minerals Ltd.'s private placement for total gross proceeds of $824,100.02; $233,600 of which was raised in this second tranche.

The company issued a total of 13,735,000 units at a price of six cents per unit. Each unit will comprise one common share and one share purchase warrant. Each warrant is exercisable at a price of 7.5 cents for one year from the date of issuance.

All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities legislation. Insiders of the company subscribed for a total of 4.3 million units. Proceeds from the offering will be used for general working capital and corporate purposes. Finder's fees of $4,320 cash and 72,000 warrants will be payable to Foster & Associates Financial Services Inc.

Alba Minerals is a Vancouver-based junior resource company focusing on the development of lithium properties in the Clayton Valley of Nevada and Salta lithium projects in Argentina.

We seek Safe Harbor.