BOWMORE Announces $1.4 Million Non-Brokered Private Placement

BOWMORE Exploration Ltd. (TSX VENTURE:BOW) (the "Company") is pleased to
announce that it has negotiated, subject to regulatory approval, a non-brokered
private placement for total gross proceeds of up to $1,400,000 (the "Private
Placement"). The Private Placement will consist of up to 5.6 million common
shares at a price of $0.25 per common share. 


Two accredited investors will be acquiring securities of the private placement
one being a "related party" as that is defined in the Multilateral Instrument
61-101 ("MI61-101") as such the private Placement will constitute a 'related
party transaction under MI 61-101 and TSV Venture Exchange Policy 5.9. The
Company is relying on exemptions from the formal valuation and minority approval
requirements that otherwise apply to related party transactions, these
exemptions available from the various requirements of TSX Venture Policy 5.9 and
Multilateral Instrument 61-101 for the issuance of the securities to the
insiders and related party member. No new insiders are anticipated to be
created, nor there will be any change of control as a result of the Private
Placement.


The proceeds from the Private Placement will be used for exploration work on the
Company's Quebec based properties and exploration work on its Mexican based
properties. Closing of the Private Placement is subject to TSX Venture Exchange
approval. The securities issued will be subject to a standard four month hold
period.


About BOWMORE

BOWMORE is a Canadian exploration mining company focused on precious metal
exploration in Canada and Mexico. The Company trades on the TSX Venture Exchange
under the symbol "BOW".


Forward-looking statements: 

Except for statements of historical facts, all statements in this news release
regarding, without limitation, the Private Placement, new project acquisitions,
future plans and objectives are forward-looking statements which involve risks
and uncertainties. There can be no assurance that such statements will prove to
be accurate. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions actual results
and future events could differ materially from those anticipated in such
statements. Factors that may cause the actual results to differ materially from
those in forward-looking statements include precious metal prices, results of
exploration and development activities, regulatory changes, defects in title,
availability of materials and equipment, timeliness of government approvals,
continued availability of capital and financing and general economic, market or
business conditions. The Company cautions the foregoing list of important
factors is not exhaustive. Investors and others who base themselves on the
Company's forward-looking statements should carefully consider the above factors
as well as the uncertainties they represent and the risk they entail. Please see
the public filings of the Company at www.sedar.com.

Bowmore Exploration Ltd. (TSXV:BOW)
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