Caribou King Resources fka CKR

[Sam Dan]

Management seems able to complete PPs

CARIBOU KING RESOURCES LTD. (“Caribou” or the “Company”) (TSX-V: CKR) (CB8–FRANKFURT) (CBULF – USA) announces that it has arranged a non-brokered private placement of up to 4 million units ("Units") at a price of $0.10 per Unit for aggregate gross proceeds of $400,000 (the "Offering"). Each Unit will be comprised of one common share ("Share") and one-half of one Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase an additional Share at a price of $0.15 per Share for a period of 12 months. Proceeds from the Offering will be used for the Company’s short term payables and for general working capital.

This Offering is subject to TSX Venture Exchange acceptance.

Finder's fees may be payable on the Offering, subject to the policies of the TSX Venture Exchange.