Mr. John Plourde reports

PACIFIC BOOKER MINERALS INC. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Pacific Booker Minerals Inc. proposes to undertake a non-brokered private placement financing to raise gross proceeds of up to approximately $10-million from the sale of up to 4,273,505 units at a price of $2.34 per unit. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of $2.75 per warrant share, subject to customary anti-dilution adjustments, for a period of 36 months from the closing date of the offering. The warrants will be transferable, subject to the consent of the company.

The company intends to use the net proceeds from the offering to advance the Morrison project and for general corporate purposes.

The closing of the offering is subject to certain conditions, including the conditional approval of the TSX Venture Exchange and certain other conditions customary for a private placement of this nature. All securities issued pursuant to the offering will be subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring four months and one day following the closing date of the offering. Subscribers under the offering will also agree to a contractual lock-up period of six months following the closing of the offering, during which period the subscribers may not sell or otherwise transfer any securities purchased under the offering without the consent of the company, subject to customary exceptions.

The company expects that certain related parties (as such term is defined in Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions), will participate in the offering on the same terms as arms'-length investors. Participation in the offering by each such related party will constitute a related party transaction for the purposes of MI 61-101. The company expects to rely upon exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, is not more than 25 per cent of the corporation's market capitalization.

No finders' fees, commissions or other fees are payable in connection with the offering.

We seek Safe Harbor.