Mr. Farshad Shirvani reports

CASA MINERALS ANNOUNCES PRIVATE PLACEMENT

Casa Minerals Inc. has arranged a non-brokered private placement of up to 10,909,091 flow-through units at a price of 5.5 cents per flow-through unit for gross proceeds of up to $600,000.

Each flow-through unit will consist of one common share in the capital of the company and one-half common share purchase warrant. Each warrant will entitle the holder to acquire one common share for a period of two years from the closing date at a price of 7.5 cents.

Net proceeds from the offering will be used for exploration and development activities on the company's projects in British Columbia, Canada.

All flow-through shares and warrants comprising the flow-through units will be subject to a four-month hold period from the date of issuance, during which any resale or other transfer will be restricted in accordance with applicable securities laws.

Finders' fees of 5 per cent in cash or shares is payable to eligible finders on all or a portion of the offering. The finders will also receive finders' warrants entitling them to purchase up to 5 per cent of the shares issued to the purchaser introduced by the finders under the offering, exercisable at the issue price of 7.5 cents for a period of 24 months from the closing date.

The completion of the private placement remains subject to approval of the TSX Venture Exchange.

About Casa Minerals Inc.

The company is engaged in the acquisition, exploration and development of mineral properties located in Canada and the United States. Casa owns a 90-per-cent interest in the Congress gold mine (Arizona). Additionally, the company owns a 100-per-cent interest in the polymetallic Pitman (B.C.) and has an option to acquire a 75-per-cent interest in the Arsenault VMS (volcanic massive sulphide) property (B.C.).