|June 19, 2008|
Troon Closes Financing
|Troon Ventures Ltd. (TSXV:TVN) is pleased to announce that it has closed a private placement of 11,113,382 units at a purchase price of $0.45 each for aggregate proceeds of $5,000,900.50. Each unit consisted of one common share and one-half of one share purchase warrant, with each warrant entitling the holder to purchase one additional common share of the Company at $0.60 on or before June 11, 2010.|
The common shares issued and the common shares underlying the warrants are subject to a four month hold period that expires on October 12, 2008.
The funds will be used for general working capital purposes and for exploration expenditures on the Company's properties.
ON BEHALF OF THE BOARD,
TROON VENTURES LTD.
Bruce McLeod, President
FOR MORE INFORMATION CONTACT Bruce McLeod or Brad Kopp at 1-604-687-7545 or Toll Free 1-888-338-2200
Website: www.northair.com/troon/ Email: email@example.com ________________________________________________________________________________
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See Troon's filings for a more detailed discussion of factors that may impact expected results.