Ditem Closes $500,000 Flow-Through Private Placement

Ditem Explorations (TSX VENTURE:DIT)(FRANKFURT:D8X) is pleased to announce a
non-brokered private placement of $500,000 through the sale of 3,846,153
flow-through units ("FT Units") at $0.12 each to the MineralFields Group. Each
unit consists of one flow-through common share of Ditem and one-half of one
share purchase warrant, with each whole warrant entitling the holder to purchase
one common share of Ditem at a price of $0.20 per share for a period of twelve
months from the date of closing.


All securities issued pursuant to the offering shall be subject to a hold period
of four months from the date of closing. A commission equal to 5% of the gross
proceeds, as well as compensation options entitling the holder to subscribe for
such number of units equal to 4% of the number of shares issued under the
offering, at a price of $0.12 per share, was paid by Ditem Explorations to each
of Limited Market Dealer and Industrial Alliance Securities.


The gross proceeds from the private placement will be used by Ditem Explorations
for admissible  flow-through exploration expenses. "We are very pleased to be
entering into this relationship with MineralFields Group", said Raymond Savoie,
President and CEO. "This is an important milestone in the growth of Ditem
Explorations and we look forward to working with MineralFields Group as we move
forward with our exploration programs."


MineralFields Group (a division of Pathway Asset Management), based in Toronto
and Vancouver, is a mining fund with significant assets under administration
that offers its tax-advantaged super flow-through limited partnerships to
investors throughout Canada as well as hard-dollar resource limited partnerships
to investors throughout the world. Pathway Asset Management also specializes in
the manufacturing and distribution of structured products and mutual funds
(including the Pathway Multi Series Funds Inc. corporate-class mutual fund
series). Information about MineralFields Group is available at
www.mineralfields.com.  First Canadian Securities(R) is active in leading
resource financings (both flow-through and hard dollar PIPE financings) on
competitive, effective and service-friendly terms, and offers investment
banking, mergers and acquisitions, and mining industry consulting, services to
resource companies.  MineralFields and Pathway have financed several hundred
mining and oil and gas exploration companies to date through First Canadian
Securities(R).


Ditem Explorations (55,946,288 fully diluted) is a uranium exploration and
development Company with properties in the Athabasca Basin in Saskatchewan
(Beartooth Island and Cree Lake) and the Otish Basin (Otish Uranium) in Quebec.
The Company has also completed drilling programs on the Beartooth Island and
Otish Uranium properties and, as soon as possible, plans to undertake drilling
on its Cree Lake property. Other exploration programs are also being developed.
Existing properties and general information may be viewed on the Company's
website at www.ditem.com which will be updated shortly.