Mr. Ken Booth reports

GITENNES PROPOSED PRIVATE PLACEMENT

Gitennes Exploration Inc. is conducting a non-brokered private placement of up to 32 million units (consisting of 17 million non-flow-through units priced at 1.5 cents per unit and 15 million flow-through units priced at two cents per FT unit).

Each unit consists of one non-flow-through common share and one common share purchase warrant. Each warrant shall be exercisable to acquire one common share at an exercise price per warrant share of five cents for a period of 24 months following the closing date. Each FT unit consists of one flow-through common share and one-half common share purchase warrant. Each whole FT warrant shall be exercisable to acquire one common share at an exercise price per FT warrant of five cents for a period of 24 months following the closing date. Finders' fees may be paid on the financing.

The gross proceeds from the units are to be used for general working capital purposes but will not be used for investor relations. The gross proceeds from the FT units are intended to be used to incur Canadian exploration expenses that are flow-through mining expenditures (as such terms are defined in the Income Tax Act (Canada)) on the company's Quebec projects.

All securities issued pursuant to the placement are subject to a four-month-and-one-day hold period in Canada. The placement is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and any applicable securities regulatory authorities.

About Gitennes Exploration Inc.

Gitennes is in the business of exploring for and advancing mineral properties. The company currently has three properties in the Sept Iles region of Quebec where the company is exploring for nickel, REE (rare-earth elements), niobium and tantalum, and three gold properties in the Chapais-Chibougamau area of Quebec: New Mosher, JMW and Maxwell, and a 1.5-per-cent net smelter return royalty on the 18-million-ounce Urumalqui silver project in Peru. The company recently sold its gold properties in the Gaspe region of Quebec. All properties are 100 per cent owned by Gitennes except for New Mosher which is under option and Gitennes can earn an initial 70 per cent and has the right to increase its ownership to 85 per cent.

We seek Safe Harbor.