Marauder Resources East Coast Inc. Closes Second Tranche of Previously Announced Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS


Marauder Resources East Coast Inc. (the "Company") (TSX VENTURE:MES) is pleased
to announce it has successfully closed a second tranche of its previously
announced brokered private placement financing led by M Partners Inc. (the
"Agent") of units ("Units") of the Company at a price of $0.065 per Unit (the
"Offering"). Each Unit consists of one common share ("Common Share") in the
capital of the Company and one-half of one Common Share purchase warrant
("Warrant"). Each whole Warrant entitles the holder to acquire one Common Share
at an exercise price of $0.13 for a period of 24 months from the date of
issuance. 


At closing of the second tranche, the Company issued 3,485,000 Common Shares and
1,742,500 Warrants for aggregate gross proceeds of $226,525.00. The Common
Shares and Warrants issued pursuant to the Offering are subject to a four-month
hold period from the date of issuance. Pursuant to the closing of the first and
second tranche of the Offering, the Company paid an aggregate cash commission to
the Agent of $72,353.22. The Company also issued an aggregate of 1,140,387
broker warrants, each such broker warrant exercisable for one Unit at an
exercise price of $0.065 for a period of 24 months from the date of issuance. 


The net proceeds from the Offering will be used for initial development of the
Company's assets in the East Coast Basin, New Zealand, and for general working
capital purposes.


Pursuant to the first tranche of this Offering, Robert Shields, President and
Chief Executive Officer of the Company, acquired beneficial ownership of or
control over a total of 7,296,385 Common Shares and 3,648,192 Warrants. Mr.
Shields now beneficially owns and controls approximately 9.3% of the issued and
outstanding Common Shares. Assuming the exercise of Warrants and other
securities convertible into Common Shares by Mr. Shields, he will beneficially
own or control approximately 14.9% of the then issued and outstanding Common
Shares. The securities were acquired for investment purposes and to continue to
align the interests of Mr. Shields with those of the Company. Mr. Shields may,
in the future, make additional investments in or dispositions of the Company's
securities.


This press release may contain forward-looking statements within the meaning of
applicable securities laws. Forward-looking statements may include estimates,
plans, anticipations, expectations, opinions, forecasts, projections, guidance
or other similar statements that are not statements of fact. Although the
Company believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that such expectations will
prove to be correct. These statements are subject to certain risks and
uncertainties and may be based on assumptions that could cause actual results to
differ materially from those anticipated or implied in the forward-looking
statements. These risks include, but are not limited to: the risks associated
with the oil and gas industry (e.g. operational risks in development,
exploration and production; delays or changes in plans with respect to
exploration or development projects or capital expenditures; the uncertainty of
reserve estimates; the uncertainty of estimates and projections relating to
production, costs and expenses and health, safety and environmental risks),
commodity price and exchange rate fluctuation and uncertainties resulting from
potential delays or changes in plans with respect to exploration or development
projects or capital expenditures. The Company's forward-looking statements are
expressly qualified in their entirety by this cautionary statement. The
forward-looking statements contained in this press release are made as of the
date hereof and the Company undertakes no obligations to update publicly or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "1933 Act"), or any state securities laws and may not be offered
or sold within the United States or to, or for the account or benefit of U.S.
persons (as defined in Regulation S under the 1933 Act) absent such registration
or an applicable exemption from such registration requirements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Marauder Resources East Coast Inc.
Robert V. Shields
[phone]
[e-mail]


Marauder Resources East Coast Inc.
720, 440 - 2nd Avenue S.W.
Calgary, Alberta T2P 5E9