Mr. Kevin Hanson reports

SQUIRE ANNOUNCES PRIVATE PLACEMENT

Squire Mining Ltd. has arranged a non-brokered private placement financing of up to 10 million units of the company at a price of six cents per unit for gross proceeds of up to $600,000. Each unit consists of one common share and one transferable share purchase warrant to purchase one additional common share at a price of eight cents, exercisable for a period of two years from the date of grant. The net proceeds of the financing will be used for, among other things, general corporate and working capital purposes and to investigate new business opportunities and to fill key executive roles.

The company may pay finders' fees in connection with the financing in accordance with the policies of the Canadian Securities Exchange.