Exhibit A
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March 11, 2008 | Trading Symbol – TSX-V: GOT |
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Golden Oasis Announces Non-Brokered Private Placement |
Vancouver, British Columbia ... Golden Oasis Exploration Corp. (TSX-V:GOT) is pleased to announce that it will be proceeding with a non-brokered private placement of 2,000,000 shares at a price of $0.15 per share for gross proceeds of $300,000.
The private placement is subject to TSX Venture Exchange (the “Exchange”) acceptance and required regulatory approvals. All of the securities issued pursuant to this offering will have a hold period expiring four months after the closing date.
The net proceeds of the private placement will be added to working capital.
A finder’s fee will apply in this transaction in accordance with the policies of the Exchange.
In addition, an aggregate of 220,000 incentive stock options have been granted to directors, officers and consultants of the Company at an exercise price of $0.20 per share. The options are exercisable for a period of five years, ending on March 11, 2013, and are subject to the requirements of the Exchange.
Golden Oasis is dedicated to the principles of environmentally sound mining practices and believes that environmental stewardship and mining can co-exist. Details on the Company and its properties are available on SEDAR atwww.sedar.com and the Company’s website atwww.goldenoasis.ca.
ON BEHALF OF THE BOARD
Signed "Robert Eadie"
Robert Eadie, Chief Executive Officer and Director
For further information, please contact: Robert Eadie
Telephone: 1-604-602-4935 / Toll Free: 1-866-602-4935
Facsimile: 1-604-602-4936 / Website:www.goldenoasis.ca
The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.
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750 - 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6
Telephone: (604) 602-4935 Fax: 602-4936 Website: www.goldenoasis.ca E-mail: talk@goldenoasis.ca