Ditem Explorations (TSX VENTURE:DIT) is pleased to announce that the company has
entered into a debt settlement agreement for the issuance of an aggregate
990,020 common shares to Golden Valley Mines Ltd, in consideration for
settlement of an aggregate $74,264.99 debt at a deemed price of $0.075. The debt
is related to expenses paid by Golden Valley Mines for the Beartooth Island
Property. The transaction is subject to the receipt of regulatory approval.


Ditem Explorations (57,372,582 fully diluted) is a uranium exploration and
development Company with properties in the Athabasca Basin in Saskatchewan
(Beartooth Island and Cree Lake) and the Otish Basin (Otish Uranium) in Quebec.
The Company has also completed drilling programs on the Beartooth Island and
Otish Uranium properties and, as soon as possible, plans to undertake drilling
on its Cree Lake property. Other exploration programs are also being developed.
Existing properties and general information may be viewed on the Company's
website at www.ditem.com. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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