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May 1, 2008

Non Brokered Private Placement Closed

Ringbolt Ventures Ltd. has closed the non-brokered private placement of 5.18 million units at a price of 50 cents per unit, as reported in Stockwatch on April 16, 2008. Each unit will comprise one share and a one-half-share purchase warrant exercisable into one common share for a period of one year at a price of 75 cents. These securities will be restricted until Aug. 28, 2008. Finders' fees totalling $30,000 cash and 450,000 shares were paid in connection to this private placement.

On behalf of the Board of Directors

Jason Walsh, Director

We seek Safe Harbor.