Mr. Peter Berdusco reports

CANADA ONE PROVIDES UPDATE ON PRIVATE PLACEMENT

Canada One Mining Corp. is continuing to progress with its non-brokered private placement of up 18 million units at a price of 10 cents per unit, for gross proceeds of up to $1.8-million. Each Unit will consist of one common share of the Company and one-half-of-one common share purchase warrant (each whole warrant, a " Warrant "). Each Warrant will entitle the holder to purchase one common share of the Company at a price of $0.15 for a period of thirty-six months from the closing date of the Offering, subject to accelerated expiry in the event the closing price of the common shares on the TSX Venture Exchange is $0.25 or greater for a period of five consecutive trading days.

The net proceeds raised from the Offering will continue to be used to advance exploration and development of the Copper Dome Project located south of Princeton, British Columbia, as well as to retire existing liabilities and payables and for general working capital purposes.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (" NI 45-106 "), a portion of the Offering is being made to purchasers resident in Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the " Listed Issuer Financing Exemption "). The balance of the Offering will be made to purchasers pursuant to the accredited investor exemption under Part 2 of NI 45-106 (the " Accredited Investor Exemption ").

The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. The securities offered under the Accredited Investor exemption will be subject to a hold period of four-months-and-one-day following issuance in accordance with applicable Canadian securities laws. A revised offering document related to the Offering and Listed Issuer Financing Exemption will be filed by the Company, and will be accessible under the Company's profile at www.sedar.com and on the Company's website at: www.canadaonemining.com . Prospective investors should read this offering document before making an investment decision.

We seek Safe Harbor.