Metallic Ventures Gold Inc. Raises $25 Million through Unit Offering

March 17, 2004

On March 17, 2004, Metallic Ventures Gold Inc. (TSX: MVG), a mineral exploration company, raised $25 million through a new issue of 3,907,000 Units consisting of one common share and one half of one common share purchase warrant by way of short form prospectus.  The offering was lead by GMP Securities Ltd. and included Canaccord Capital Corporation, CIBC World Markets Inc., National Bank Financial Inc. and Pacific Securities International Inc.

Wildeboer Dellelce LLP represented the Underwriters with a team including Troy Pocaluyko and Robert Fonn (corporate and securities).