POI

Ressources Minieres Pro-Or Inc. (TSX VENTURE:POI) is pleased to announce that it
is undertaking a private placement for up to $2.3 million. This private
placement is open to accredited investors, and consists of 500 Units for a total
of 10,000,000 Class A shares. Each Unit is composed of:




--  20,000 Class A shares priced at $0.23 per share and;

--  20,000 warrants to purchase Class A shares of the Corporation at $0.35
    each for a 12-month period. The warrants will be subject to an
    accelerator clause by which the warrant expiry date can be shortened at
    the Corporation's discretion if the closing share price on the Exchange
    is $0.50 or higher for a period of more than 20 consecutive trading
    days, in which case the new expiry date would be the thirtieth day
    following formal written notification by the Corporation. Such
    notification cannot be issued during the first four months following the
    closing of this placement, which corresponds to the regulatory hold
    period applicable to all private placements. 



The shares issued pursuant to the offering will be subject to a four-month hold
period.


"Given the positive economic results of the pre-feasibility study prepared by
Seneca, an independent engineering group, Pro-Or has decided to proceed
immediately with an equity financing," said Sylvain Boulanger, President and CEO
of Pro-Or.


"The lower operating costs in the study improve the profitability of the
proposed 200-tons per year plant and reduce the payback period for the capital
investment to 9.3 months.


Pro-Or plans to initiate activities leading to the construction of the proposed
plant and the commissioning of four reactors with a capacity of 50 tons per year
each. A comprehensive financial model and analysis of funding options to finance
the construction of the 200-ton plant are also being prepared," he added.


The net proceeds from the private placement will be used to support ongoing
operations at the St-Augustin plant with a 50-ton reactor, perform detailed
engineering and automation for the four new reactors, purchase long-lead-time
components and set up the new plant, as well as for general corporate purposes.


No finders' fee is expected to be paid for this private placement, which is
subject to approval by the TSX Venture Exchange and the shareholders of the
Corporation.


About Pro-Or

Pro-Or operates an industrial prototype plant for the recovery of Platinum Group
Elements (Platinum, Palladium and Rhodium or PGMs). The plant is located near
Quebec City in St-Augustin-de-Desmaures. Its patented process yields more than
97% recoveries of PGMs, and is not only much less capital extensive but also
operates much more rapidly than conventional plants thus dramatically lowering
the amount of time that its customers capital is tied up as work-in-process
inventory. Pro-Or's mission is to sustainably recover precious metals by the
recycling of end-of-life PGM containing components while meeting global "green"
standards for the automobile industry.


Pro-Or also holds the mineral rights to six mining properties and has focused
its exploration activities on the Menarik property in the James Bay area, in the
Province of Quebec, the site of a major chromite deposit with occurrences of
gold, nickel, copper and platinum group metals (PGMs). The operation of Pro-Or's
patented and proprietary processes to such ore bodies promises a breakthrough in
low cost primary mining metallurgy in the near future.


Neither TSX Venture Exchange nor the Supplier of services regulation (as defined
in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sylvain Boulanger, P.Eng.
President & CEO
info@pro-or.com
(514) 506-9121


Nicole Blanchard, Managing Partner
Sun International Communications
nicole.blanchard@isuncomm.com
(450) 973-6600

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