Oculus Undertakes Up to C$500,000 Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES 


Oculus Ventures Corporation (the "Company") (TSX VENTURE:OVX.H) announces its
intention to carry out a non-brokered private placement of up to 10,000,000
common shares at a price of C$0.05 per common share for gross proceeds to the
Company of up to C$500,000 (the "Offering"). 


The proceeds of the Offering will be used by the Company for identifying and
completing a qualifying transaction and for working capital purposes.


All securities issued under the Offering will be subject to a four-month hold
period in accordance with applicable Canadian securities laws.


Closing of this Offering is subject to the receipt of all necessary regulatory
approvals including that of the TSX Venture Exchange.


ON BEHALF OF OCULUS VENTURES CORPORATION

Morgan Tincher, President and CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Oculus Ventures Corporation
Darren Devine
CFO
604-638-8063