| Trade Winds Increases Brokered Private Placement to $3 Million |
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March 8, 2010 – Trade Winds Ventures Inc. ("Trade Winds") (TSX-V: TWD) announced today that Trade Winds and M Partners Inc. (the "Agent") have agreed to increase the size of it's brokered private placement first announced on March 3, 2010, from up to 13,333,333 units (the "Units") to up to 20,000,000 Units at a price of $0.15 per Unit for aggregate gross proceeds of up to $3,000,000. As previously announced, each Unit will consist of one common share and one-half of one share purchase warrant. Each share purchase warrant will entitle the holder to acquire one additional common share at a price of $0.20 per share for a period of 12 months from closing of the private placement. Under the revised terms of the offering, Trade Winds has granted the Agent an over-allotment option to increase the size of the Offering by up to an additional 10% of the number of Units, at any time on or before two days prior to the Closing Date. In the event the Over-Allotment Option is exercised in full, Trade Winds will issue 22,000,000 Units for gross proceeds of $3,300,000. As previously announced, the Agent will receive a cash commission equal to 8% of the aggregate gross proceeds of the Offering, and broker warrants equal to 8% of the number of Units sold pursuant to the Offering. Each broker warrant will be exercisable into one Unit at a price of $0.15 per Unit for a period of 12 months. Proceeds from the Offering will be used to fund exploration of Trade Winds' Block A and Gowest gold project at Detour Lake, Ontario, and for general working capital. The securities issued pursuant to the private placement will be subject to a four month hold period and the offering is subject to the approval of the TSX Venture Exchange. FOR FURTHER INFORMATION PLEASE CONTACT: Ian D. Lambert CEO/President (416) 840-9843 Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it '; document.write( '' ); document.write( addy_text82047 ); document.write( '<\/a>' ); //--> This e-mail address is being protected from spambots. You need JavaScript enabled to view it Visit our Website at: www.tradewindsventures.com Forward Looking Information Certain information included in this news release constitutes "forward-looking statements". The words "expect", "will", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to, risks associated with the mining industry such as government regulation, environmental and reclamation risks, title disputes or claims, success of mining activities, future commodity prices, costs of production, possible variation in mineral reserves, mineral resources, grade or recovery rates, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, the timing of estimated future production, capital expenditures, financial market fluctuations, requirements for additional capital, conclusions of economic evaluations, limitations on insurance coverage, risks associated with using third-party contractors and inflation. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
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