KMI

Killdeer Minerals Inc. - ("Killdeer") (the "Company") (TSX VENTURE:KMI) is
pleased to announce that it has negotiated a private placement (the "Financing")
with MineralFields Group to raise gross proceeds of up to $750,000.


Under the terms of the Financing, the Company will issue 3,000,000 flow-through
units (the "FT Units") at a price of $0.25 per FT Unit. Each FT Unit will
consist of one flow-through common share (the "FT Shares") and one-half of a
transferable non flow-through common share purchase warrant ("Warrants"). Each
whole Warrant will entitle the holder to purchase one additional non
flow-through common share at an exercise price of $0.35 per share during the
first year and thereafter at $0.45 per share during the second year from the
closing date of the Financing (the "Closing Date"). 


Provided that the Company's shares close on the TSX Venture Exchange at any time
four months after their date of issue for twenty consecutive trading days at a
price of $0.50 per share or higher during the first year of the exercise period
and at a price of $0.65 per share or higher during the second year of the
exercise period, the Company may accelerate the expiry time to 30 calendar days
from the date of express written notice delivered to the Warrant holder by way
of registered mail, or thereafter the unexercised Warrant will be forfeited and
terminated.


"We are very pleased to be commencing this relationship with MineralFields
Group," said Mike Elson, President and CEO. "This is an important milestone in
the growth of Killdeer and we look forward to working with MineralFields Group
as we develop our holdings in Canada."


Limited Market Dealer Inc. will be paid a cash finder's fee of 6% of the funds
raised, and issued a finder's fee option to acquire Units (the "Compensation
Units") equal to 8% of the total number of FT Units sold, exercisable at $0.25
per Compensation Unit for a term of two years.


About MineralFields, Pathway and First Canadian Securities (R)

MineralFields Group (a division of Pathway Asset Management), based in Toronto,
Vancouver and Calgary, is a mining fund with significant assets under
administration that offers its tax-advantaged super flow-through limited
partnerships to investors throughout Canada as well as hard-dollar resource
limited partnerships to investors throughout the world. Pathway Asset Management
also specializes in the manufacturing and distribution of structured products
and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class
mutual fund series). Information about MineralFields Group is available at
www.mineralfields.com. First Canadian Securities (R) is active in leading
resource financings (both flow-through and hard dollar PIPE financings) on
competitive, effective and service-friendly terms, and offers investment
banking, mergers and acquisitions, and mining industry consulting, services to
resource companies. MineralFields and Pathway have financed several hundred
mining and oil and gas exploration companies to date through First Canadian
Securities (R).


KILLDEER MINERALS INC.

Mike Elson, President & Chief Executive Officer

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