BOWMORE Announces Closing of $1.4 Million Non-Brokered Private Placement

BOWMORE Exploration Ltd. (TSX VENTURE:BOW) (the "Company") is pleased to
announce the completion of its non-brokered private placement announced on July
11, 2012 (the "Private Placement"). Bowmore sold a total of 5,600,000 common
shares at a price of $0.25 per share for gross proceeds of $1.4 million. 


All securities issued pursuant to the Private Placement bear a four month hold
period expiring on November 25, 2012. 


The two subscribers to the Private Placement are Osisko Mining Corporation
("Osisko"), a "related party" of the Company (as such term is defined in
Multilateral Instrument 61-101 ("MI 61-101")) and Quebec-based SIDEX Limited
Partnership ("SIDEX"). Osisko's subscription was unanimously approved by all of
the directors of the Company, and the Company has determined to close the
Private Placement within 21 days of the announcement of the Private Placement as
it requires the proceeds from the Private Placement as soon as possible to
continue the conduct of exploration work on the Company's Quebec-based
properties and exploration work on its Mexican based properties. No new insiders
of the Company were created, nor has there been any change of control as a
result of the Private Placement.


Mr. Paul Dumas, President and CEO of Bowmore Exploration Ltd., stated: "We are
very pleased to have the continued support of Osisko Mining Corporation to help
us develop the Company and we would also like to welcome SIDEX Limited
Partnership as an investor".


About OSISKO

Osisko Mining Corporation is a mining company based in Montreal, Quebec, Canada.
The Company is focused on acquiring, exploring, developing and mining gold
properties, with the aim of becoming a leading mid-tier gold producer. Its
flagship project is the Canadian Malartic gold mine located in the Abitibi
mining district, which currently represents the single biggest gold reserve in
production in Canada.


About SIDEX

SIDEX Limited Partnership was established by the Government of Quebec and the
Solidarity Fund QFL. The mission of SIDEX is to invest in companies engaged in
mineral exploration in Quebec in order to diversify Quebec's mineral base by
promoting exploration for minerals with attractive market potential. SIDEX
benefits from an investment budget of $50 million and looks at exploration
projects that offer the likelihood for diversification and a strong potential
for discovery.


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 information: 

Except for statements of historical facts, all statements in this news release
regarding, without limitation, new project acquisitions and future plans and
objectives are forward-looking information 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 information are based on reasonable assumptions, actual results
and future events could differ materially from those anticipated in such
information. Factors that may cause the actual results to differ materially from
those in the forward-looking information 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 their investment
decision on the Company's forward-looking information should carefully consider
the above factors as well as the uncertainties they represent and the risks they
entail. Please see the public filings of the Company at www.sedar.com.

Bowmore Exploration Ltd. (TSXV:BOW)
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