Mr. Joe Bleackley reports

PATHFINDER VENTURES ANNOUNCES $2 MILLION NON-BROKERED PRIVATE PLACEMENT

Pathfinder Ventures Inc. has arranged a non-brokered private placement of 40 million common shares at a price of five cents per share for gross proceeds of $2-million.

Each share will be issued with one-half of one non-transferable common share purchase warrant, with each whole warrant entitling the holder to acquire one additional common share of the company at a price of 10 cents for a period of 36 months from the date of issuance, subject to acceleration on the occurrence of certain events.

Finders' fees may be payable in connection with the private placement in accordance with the policies of the TSX Venture Exchange.

The company intends to use the net proceeds from the private placement for general working capital purposes, to support continuing recreational vehicle resort developments, projects and expansions, and to advance acquisition opportunities within its pipeline, including modular housing communities.

Completion of the private placement remains subject to the approval of the TSX Venture Exchange.

We seek Safe Harbor.