Mr. Jonathan Wiesblatt reports

EROS RESOURCES CLOSES OVERSUBSCRIBED $2.1 MILLION PRIVATE PLACEMENT FINANCING

Eros Resources Corp. has closed its private placement of $2,077,500, which represents an oversubscription of $277,500 of the originally planned financing. The company has allotted and issued 41.55 million units at a price of five cents per unit for gross proceeds of $2,077,500. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into one additional common share for three years from closing at an exercise price of 7.5 cents per warrant share subject to accelerated expiry.

In the event that, after the date that is four months from the date of issue of the warrants, if the closing price of the company's common shares on the TSX Venture Exchange or any other stock exchange on which the company's common shares are then listed, is at a price equal to or greater than 10 cents for a period of 10 consecutive trading days, the company will have the right to accelerate the expiry date of the warrants by issuing a press release announcing that the warrants will expire at 5 p.m. Vancouver time on the date that is not fewer than 30 days from the date notice is given.

Management and the board, as insiders of the company, have subscribed for an aggregate 5.8 million units for gross proceeds of $290,000. The issuance of the units to the insiders is considered a related-party transaction subject to Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the participation by the insider will not exceed 25 per cent of the fair market value of the company's market capitalization.

Pursuant to the financing, the company has paid finders' fees of $14,000 to arm's-length's parties. The net proceeds from the financing will be used by the company for general working capital and exploration expenditures in Saskatchewan. The financing is subject to final TSX Venture Exchange approval, and all securities issued are subject to a four-month-and-one-day hold period.

About Eros Resources Corp.

Eros Resources is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition, exploration and development of mineral properties in Canada. The company is advancing its gold and copper projects in Saskatchewan, including two gold properties in the prospective La Ronge gold belt totalling 35,175.6 hectares (86,920.8 acres), as well as the 100-per-cent-owned Knife Lake copper project.

We seek Safe Harbor.