Laurentian Goldfields Closes $100,000 Non-Brokered Private Placement

Laurentian Goldfields Ltd. (TSX VENTURE:LGF) ("Laurentian" or the "Company")
announces that it has raised $100,000 through the issuance of 500,000 units (the
"Units") at a price of $0.20 per Unit. The subscription was made through a
non-brokered private placement under the accredited investor exemption
pertaining to the applicable securities regulations.


Each Unit consists of one common share and one common share purchase warrant
("Warrant"). Each Warrant is exercisable to purchase one common share at a price
of $0.30 per share for a period of two years after the date of issuance. The
Warrants are subject to an accelerated expiry date, which comes into effect when
the trading price of the Company's common shares closes at or above $0.50 per
share for twenty consecutive trading days in the period commencing four months
after the date of issuance. In such an event the Company will give an expiry
acceleration notice ("Notice") to Warrant holders and the expiry date of the
Warrants will be 30 days from the date of the Notice. The private placement is
subject to certain conditions, including regulatory acceptance, and all
securities issued under the private placement are subject to a four-month hold
period from the date of issuance. The Company paid an administrative fee of 3%
of the gross proceeds of the private placement.


Proceeds from this financing will be used to support ongoing exploration
programs and strategic objectives including project evaluations, due diligence
towards possible acquisitions and for general working capital.


About Laurentian Goldfields Ltd.

Laurentian is a team of highly skilled professionals focused on the
identification, acquisition, and development of high quality exploration
projects. A solid technical foundation, partnered with major mining companies
through exploration alliances and joint venture agreements, provides significant
exploration exposure for shareholders while minimizing shareholder dilution.
Laurentian is committed to delivering shareholder growth by utilizing its
extensive industry experience to identify and acquire exceptional exploration
and development opportunities.


ON BEHALF OF THE BOARD OF DIRECTORS,

Darin Labrenz, P.Geo., President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Laurentian Goldfields Ltd.
Darin Labrenz, P.Geo.
President and CEO
604-646-8000
604-646-8088 (FAX)
[e-mail]
www.laurentiangoldfields.com