Ditem Explorations Inc.: $450,000 Non-Brokered Private Placement Closed

Ditem (TSX VENTURE:DIT) is pleased to announce that it has closed a non-brokered
private placement consisting of 450 flow-through units at a price of $1,000 per
unit. Each unit consists of 16,000 flow-through common shares, 4,000 common
shares and 10,000 common share purchase warrants, each warrant entitling its
holder to purchase one common share at a price of $0.10 per share for a period
of 24 months following the closing.


All securities issued pursuant to the offering will be subject to a hold period
of four months from the date of closing. The private placement is subject to
regulatory approval, including that of the TSX Venture Exchange. Ditem intends
to pay an intermediary fee of 10% on the proceeds of the contemplated financing
and issue Finder's Warrants for 10% of the number of shares issued, exercisable
at $0.05 for a period of 24 months following the closing.


The gross proceeds from the private placement will be used by Ditem for
admissible flow-through exploration expenses on the company's properties in
Quebec.


Ditem is an exploration and development company with properties in the Athabasca
Basin in Saskatchewan, the Otish Basin (Otish Uranium and Lac Henri) and on the
North Shore near La Romaine (Lalande) in Quebec. Properties and general
information may be viewed on the Company's website at www.ditem.com.

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