Mr. Galen McNamara reports

AERO ANNOUNCES $5M NON-BROKERED PRIVATE PLACEMENT

Aero Energy Ltd. (formerly Angold Resources Ltd.) has arranged a non-brokered private placement of: (i) non-flow-through units to be sold at a price of 15 cents per NFT unit; (ii) flow-through units to be sold at a price of 17.5 cents per FT unit; and (iii) flow-through charity units to be sold at a price of 22.75 cents per charity unit, for aggregate gross proceeds of $5-million.

Each NFT unit will comprise one non-flow-through common share and one-half share purchase warrant. Each FT unit and charity unit will comprise one flow-through common share and one-half warrant. The warrants will have the same terms, with each whole warrant entitling the holder thereof to purchase one share for a period of two years at a price of 25 cents. The exact number of NFT units, FT units and charity units sold will be determined at the closing of the offering.

The gross proceeds received from the sale of the FT units and the charity units will be used for work programs on the company's Murmac, Strike and Sun Dog properties, all located along the northwestern margin of the Athabasca basin of Saskatchewan. The net proceeds received from the sale of the NFT units will be used for general working capital.

Eventus Capital Corp. will act as a finder in connection with the offering. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About Aero Energy Ltd.

Aero Energy is a mineral exploration and development company advancing a district-scale, 250,000-acre land package in the historical Uranium City district within Saskatchewan's Athabasca basin. Aero Energy is focused on uncovering high-grade uranium deposits across its flagship optioned properties -- Sun Dog, Strike and Murmac -- in addition to its fully owned properties. With the application of modern exploration techniques, the company has identified over 50 shallow drill-ready targets and 125 kilometres of target horizon on the frontier north rim of the Athabasca basin. Aero Energy is tapping into the Athabasca basin's emerging potential for high-grade, unconformity-style mineralization.

We seek Safe Harbor.