Mr. Francois Perron reports

LUCKY MINERALS ANNOUNCES UP TO CDN $500,000 NON-BROKERED PRIVATE PLACEMENT

Lucky Minerals Inc. has arranged a non-brokered private placement consisting of up to 10 million units at a price of five cents per unit for gross proceeds of up to approximately $500,000.

Each unit of the offering comprises one common share and one full four-year non-transferable common share purchase warrant. Each warrant entitles the holder thereof to acquire one additional share at a price of five cents per share, until the date that is 48 months from the closing of the offering. All the shares and warrants issued in connection to the offering are subject to a statutory hold period expiring four months and one day from the date of issuance.

Investors in the offering may include the participation of certain directors, officers and insiders of the company which constitutes a related party transaction as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions. Such participation is exempt from the formal valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 as neither the fair market value of the units to be acquired by the insiders, nor the consideration for the units to be paid by such insiders, will exceed 25 per cent of the company's market capitalization.

The company may pay finder's fees on a portion of the private placement in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

This offering is subject to TSX Venture Exchange approval.

The net proceeds of the offering will be used to continue the drill program on the company's Fortuna project in Ecuador and for general working capital purposes.

About Lucky Minerals Inc.

Lucky is an exploration and development company targeting large-scale mineral systems in proven districts with the potential to host world-class deposits. Lucky owns a 100-per-cent interest in the Fortuna property.

The company's Fortuna project comprises 12 contiguous, 550-square-kilometre (55,000 hectares, or 136,000 acres) exploration concessions. Fortuna is located in a highly prospective, yet underexplored, gold belt in southern Ecuador.

We seek Safe Harbor.