Mr. Scott Walters reports

BIG GOLD CLOSES NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $713,205

Big Gold Inc. has closed the second and final tranche of its previously announced non-brokered private placement offering. The gross proceeds from the two tranches total $713,205 and will be used to finance the exploration programs at the Tabor project in the Shebandowan greenstone belt and Martin Kenty project near the Rainy River mine complex in Ontario, as well as for working capital purposes.

The offering consisted of flow-through and non-flow-through components.

As part of the flow-through offering, company issued 1,571,500 flow-through shares at a price of seven cents per FT share for gross proceeds of $110,005. The FT shares will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada).

As part of the non-flow-through offering, Big Gold issued 12,064,000 units at a price of five cents per unit for gross proceeds of $603,200. Each unit consists of one common share and one non-transferable purchase warrant with each warrant entitling the holder to purchase one additional common share at a price of eight cents for a period of 18 months from the closing of the offering.

In connection with the closing of the private placement, the company will pay a cash finders' fees of $40,000.40 and issue 765,720 finders' warrants, representing 8 per cent cash and 8 per cent finders' warrants.

In accordance with applicable Canadian securities laws, all securities issued pursuant to the private placement will be legended with a hold period of four months and one day from the date of issuance.

Completion of the private placement and payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange (the CSE).

About Big Gold Inc.

Big Gold is a junior mining exploration company. Its initial focus is to conduct exploration programs on its recently acquired Tabor property and the Martin Kenty property, both located in Ontario. Big Gold will also continue to consider other opportunities as they arise, with the objective of acquiring and exploring early-stage base and precious metal projects.

We seek Safe Harbor.