Mr. Ken Booth reports

GITENNES CLOSES PRIVATE PLACEMENT

Gitennes Exploration Inc. has closed its previously announced non-brokered private placement. The company issued four million non-flow-through units priced at 1.5 cents per unit and 2.5 million flow-through units priced at two cents per FT unit for gross proceeds of $110,000. Each unit consists of one non-flow-through common share and one common share purchase warrant, and each FT unit consists of one flow-through common share and one-half 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 and 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 of totalling $3,500, 70,000 shares and 70,000 warrants were paid on the financing.

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 final 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.