Mr. Kyler Hardy reports

EQUITAS RESOURCES CORP. CLARIFIES USE OF PROCEEDS OF NON-BROKERED PRIVATE PLACEMENT

Equitas Resources Corp. has arranged a non-brokered private placement of up to 20 million units of the company at a price of five cents per unit for gross proceeds of up to $1-million.

Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the company at a price of 10 cents per share for a period of 24 months from closing.

All the securities will be subject to a four-month hold period from the date of closing. A finder's fee may be payable, in accordance with the policies of the TSX Venture Exchange. The private placement is subject to the approval of the TSX Venture Exchange. Finders' fees may be payable in connection with this private placement.

The proceeds of the private placement will be used for corporate purposes, general working capital and potential acquisitions.

We seek Safe Harbor.