Precision Negotiates Non-Brokered Private Placement for $900,000

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Precision Enterprises Inc. (TSX VENTURE:PSC.H) (the "Company") announces that it
has negotiated, subject to acceptance by the TSX Venture Exchange, a private
placement for gross proceeds of up to $900,000. These funds will be raised by
the Company issuing a total of up to 6,000,000 Units (the "Units") at a price of
$0.15 per Unit, each Unit consisting of one common share and one-half share
purchase warrant, each whole warrant entitling the holder thereof to purchase
one additional common share, exercisable for a period of two years from the date
of issuance at a price of $0.30 per share. Proceeds raised from the private
placement will be used towards investigation for potential projects for the
Company, and for general working capital purposes.


The Company may pay finders fees in connection with the private placement in
accordance with TSX Venture Exchange policies.


ON BEHALF OF THE BOARD 

Joe DeVries, President and CEO

Allante Resources Ltd. (TSXV:PSC.H)
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