Ocean Park Announces $2,000,000 Private Placement

Ocean Park Ventures Corp. (TSX VENTURE:OCP) is pleased to announce that, subject
to regulatory approval, it will conduct a non-brokered private placement of up
to 3,700,000 flow-through common shares at a price of $0.55 per share, for gross
proceeds of up to $2,035,000. The Company has agreed to allocate a portion of
the offering to subscribers found by Axemen Resource Capital Ltd., an exempt
market dealer, and may agree to similar allocations to other exempt market or
investment dealers. The Company will pay finders' fees equal to 5% of
subscription amounts received, payable in cash or non-flow-through shares, in
addition to finders' warrants equal to 5% of the number of shares subscribed
for, each exercisable into one non-flow-through common share of the Company at a
price of $0.55 per share for a period of 18 months from closing.


The financing remains subject to the approval of the Exchange. All securities
issued pursuant to the private placement will be subject to a four month hold
period. 


The funds raised from the financing will be used to fund exploration on the
Trapper Gold Project recently optioned by the Company.


The Company also announces the appointment of Mr. Tony M. Ricci as a director of
the Company. Mr. Ricci has been the CFO of the Company since August and is a
Chartered Accountant with over 20 years of practice experience with public
companies listed in Canada and the United States. Mr. Ricci is also the current
Chief Financial Officer of Keegan Resources Inc. He was a former director and
CFO of Norsemont Mining Inc. and CFO of both Petaquilla Minerals Ltd. and
Petaquilla Copper Ltd., companies with a combined market capitalization
approaching $1 billion. Mr. Ricci was formerly with KPMG and AMEC Engineering
Inc.


ON BEHALF OF THE BOARD

Paul Matysek, Chairman