Mr. Ed Kruchkowski reports

DECADE RESOURCES CLOSES PRIVATE PLACEMENT FINANCINGS FOR TOTAL GROSS PROCEEDS OF $2,970,000

Decade Resources Ltd. has closed its previously announced private placement financings.

A total of 8.25 million flow-through units were purchased on a bought deal private placement basis at a price of 24 cents per unit, for aggregate gross proceeds of $1.98-million.

A total of 2,749,998 flow-through units were purchased at a price of 24 cents per unit, for gross proceeds of $660,000, and 1.65 million non-flow-through units were purchased at a price of 20 cents per unit, for gross proceeds of $330,000.

The company raised total gross proceeds of $2.97-million from the brokered financing and the non-brokered financing.

The share included in the non-flow-through unit is a common share.

The share included in the flow-through unit is a "flow-through share" as defined in the Income Tax Act (Canada).

Both the non-flow-through unit and the flow-through unit included one transferable warrant exercisable for the purchase of one additional common share, at a price of 32 cents per share, for two years.

Directors of the company acquired 1.25 million flow-through units for $300,000 and 655,000 non-flow-through units for $131,000. These transactions are considered to be related party transactions, as defined under Multilateral Instrument 61-101. However, they are exempt from the formal valuation and minority shareholder approval requirements as neither the fair market value of the shares issued to, or the consideration paid, exceed 25 per cent of the company's market capitalization, as determined in accordance with MI 61-101.

Proceeds from the sale of flow-through units will be utilized for incurring flow through expenses that qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures as defined in the Income Tax Act (Canada). Flow-through proceeds will primarily be spent on the Nobody Knows copper property, with a smaller portion to be spent on the Red Cliff property.

Proceeds from the sale of non-flow-through units will be used to pay offering expenses, and for general corporate purposes.

In connection with the offering, Decade paid finders' fees of $200,020 and 832,433 broker warrants. Each broker warrant is exercisable at 24 cents for two years after closing.

All securities issued pursuant to the offering are subject to a statutory hold period of four months from the date of issuance, expiring Jan. 13, 2024, in accordance with applicable securities laws.

The offering is subject to final approval of the TSX Venture Exchange.

About Decade Resources Ltd.

Decade is a Canadian-based mineral exploration company actively seeking opportunities in the resource sector. Decade holds numerous properties at various stages of development and exploration from basic grassroots to advanced ones. Its properties and projects are all located in the Golden Triangle area of Northern British Columbia. For a complete listing of the company's assets and developments, visit the company's website.

Ed Kruchkowski, PGeo, a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the company and is responsible for the contents of this news release. Mr. Kruchkowski is not independent of Decade as he is the president of the company.

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