DIT

Ditem (TSX VENTURE:DIT) is pleased to announce that it has signed an agreement
for a brokered, private placement to raise gross proceeds of up to $1,000,000.
The placement is composed of flow-through units (the "Flow-Through Units") for
gross proceeds of $750,000 and cash units (the "Cash Units") for gross proceeds
of $250,000. The agent is MGI Securities ("MGI") and the financing is subject to
regulatory approval. 


Each Flow-Through Unit offered at $0.05 shall consist of 1 Flow-Through common
share and 1 common share purchase warrant. Each warrant entitles its holder to
purchase one additional common share at a price of $0.10 for a period of 24
months from the Closing Date. Each Cash Unit offered at $0.05 will be comprised
of 1 common share and 1 common share purchase warrant. Each warrant entitles its
holder to purchase 1 additional common share at a price of $0.07 for a period of
12 months from the Closing Date and at a price of $0.10 for the following 12
months. There will be a hold period of 4 months on all securities issued. 


MGI shall receive a cash commission equal to 10% of the gross proceeds and shall
be granted warrants by the Corporation to acquire that number of Common Shares
equal to 10% of the aggregate number of Flow-Through Units and Cash Units sold
under the Offering (the "Agent's Warrants"), exercisable at a price of $0.10 per
Agent's Warrant for a period of 24 months from the Closing Date. 


This Financing will be sold on a private placement basis pursuant to the
"accredited investor" exemption under National Instrument 45-106 and certain
other available and agreed upon exemptions. The selling jurisdictions for the
Offering will be the provinces of British Columbia, Alberta, Saskatchewan,
Manitoba, Ontario and Quebec, and such other provinces of Canada or other
jurisdictions as agreed upon. 


Ditem intends to use the proceeds of the Flow Through Units for exploration work
on Ditem properties, namely the properties in the Detour Gold Trend, the Bruell
gold property near Val-d'Or and on the Lalande rare earth property near La
Romaine. Cash Units will be used for acquisitions and general administrative
purposes. 


Ditem is an exploration and development company with properties in Quebec
situated in the Detour Gold Trend, the Bruell property in the Val-d'Or area, and
the Lalande property on the North Shore near La Romaine and in the Otish Basin
and, in Saskatchewan, in the Athabasca Basin. Properties and general information
may be viewed on the Company's website at www.ditem.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ditem Explorations Inc.
Raymond Savoie
514-875-9034
rs@ditem.com


MGI Securities Inc.
Paul Bernard
514.570.7285
pbernard@mgisecurities.com

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