Mr. Andrew Rees reports

BLENDE SILVER CORP. ANNOUNCES PRIVATE PLACEMENT

Blende Silver Corp. has arranged a non-brokered private placement. The company has opened a private placement offering of units for gross proceeds of up to $1.1-million. The offering will consist of up to 10 million units at a price of 11 cents per unit. Each unit will consist of one common share and one-half share purchase warrant. Each whole warrant is exercisable for a period of three years from the closing date at an exercise price of 15 cents subject to an acceleration clause. Acceleration would occur if, at any time after the closing date, the corporation's common shares have a closing price of 25 cents or more per share for 10 consecutive trading days on the TSX Venture Exchange, the company shall be entitled to give notice by a news release that the warrants issued pursuant to this placement will expire 30 days from the date of the news release, unless such warrants are exercised before the expiry of that period, and, in such event, all unexercised warrants will expire at 4 p.m. Pacific Time on the last day of such 30-day period.

Proceeds from the private placement will be used for general working capital and the Blende project in Yukon. Finders' fees may be paid. All securities to be issued are subject to a statutory four-month-and-one-day hold period.

About Blende Silver Corp.

Blende Silver is a Vancouver-based junior resource company focused on silver-zinc-lead exploration and development at the company's flagship Blende deposit in north-central Yukon. The 100-per-cent-owned property is the largest carbonate-hosted silver-zinc-lead deposit in Yukon and one of the largest undeveloped silver-zinc-lead deposits in Western Canada. It is winter-road accessible, covers 5,345 hectares and is situated 63 kilometres northeast of Keno Hill, Yukon. The property has had more than $9.2-million in past exploration ($5.2-million by Blende Silver), including 25,195 metres of drilling in 132 drill holes.

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