Mr. Rene Benard reports

SHOWCASE MINERALS COMPLETES GRASSY AND PREMIER EAST GOLD PROJECT ACQUISITION AND $210,000 FINANCING

Showcase Minerals Inc. has closed its mineral property purchase agreement whereby it has acquired a 100-per-cent interest in seven mineral claims comprising 1,535.10 hectares, which are located north of Stewart, B.C., and just east of the Premier gold mine in the prolific Golden Triangle region. The Premier gold mine produced over two million ounces of gold from 1918 to 1952. Originally, the agreement terms covered three mineral claims, but was expanded to a total of seven claims.

In consideration of acquiring a 100-per-cent interest in the seven mineral claims, known as the Grassy and Premier East gold projects, Showcase has issued five million common shares in its capital to the vendor. The common shares are subject to a four-month-and-one-day hold period from issuance.

Private placement

Showcase has completed its private placement financing of three million units of the company at a price of seven cents per unit for total gross proceeds to the company of $210,000. Each unit consists of one common share and one three-year transferable share purchase warrant entitling the holder to acquire an additional common share for 10 cents.

In connection with the private placement, the company agreed to pay Research Capital Corp. a finder's fee of $10,080 and 144,000 share purchase warrants with each warrant entitling the holder to acquire an additional common share of the company for 10 cents for a period of three years.

The proceeds of the private placement will be used for debt payment and general working capital. The securities issued under the private placement are subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the private placement.

About Showcase Minerals Inc.

Showcase is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral properties focusing on precious metals.

We seek Safe Harbor.