Mr. Jon Bridgman reports

BIRD RIVER ANNOUNCES CLOSING OF TRANCHE OF COMMON SHARE FINANCING FOR GROSS PROCEEDS OF APPROXIMATELY $312,000

Bird River Resources Inc. has closed a first tranche of a non-brokered best efforts private placement financing of common shares in the capital of the company for aggregate gross proceeds of approximately $312,647.

All currency references in the news release are in Canadian currency unless otherwise noted.

The offering consisted of the issuance of 3,908,091 common shares at a price of eight cents per common share. No finders' fees or commissions were paid in connection with the offering. The gross proceeds of the offering will be used for general corporate and working capital requirements of the company.

The common shares were issued by way of a private placement pursuant to exemptions from prospectus requirements under applicable securities laws. The securities issued pursuant to the offering are subject to resale restrictions, including a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.

The offering will result in the issuance of common shares to Mel Reznick, a director of the company, and will constitute a related party transaction, but is exempt from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101) as the company's securities are not listed on any stock exchange identified in Section 5.5(b) of MI 61-101 and the fair market value of the common shares issued to Mr. Reznick does not exceed 25 per cent of the company's market capitalization.

Early warning disclosure

In connection with the offering, Mr. Reznick acquired common shares in the aggregate principal amount of $74,434.24 pursuant to a subscription agreement entered into between the subscriber and the company, therefore, acquiring 930,428 common shares.

Immediately prior to the offering, Mr. Reznick had beneficial ownership of 2.75 million common shares of the company, representing approximately 8.71 per cent of the issued and outstanding common shares on a non-diluted basis. Immediately after the offering, Mr. Reznick has beneficial ownership of an aggregate total of 3,680,428 common shares, representing approximately 10.37 per cent of the issued and outstanding common shares on a non-diluted basis.

Mr. Reznick acquired the common shares pursuant to the offering for investment purposes and intends to review his investment in the company on a continuing basis. Depending upon a number of factors including market and other conditions, Mr. Reznick may from time to time increase or decrease his beneficial ownership, control, direction or economic exposure over securities of the company.

About Bird River Resources Inc.

Established in 1958, Bird River is a Winnipeg, Manitoba-based, diversified resource company which currently holds a net royalty smelter interest in a platinum palladium property in the Bird River Sill area of northeastern Manitoba near the Ontario border. Management and the board of directors are currently focused on the resource industry.

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