| Trade Winds Announces Second Closing of Private Placement |
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TRADE WINDS ANNOUNCES SECOND CLOSING OF PRIVATE PLACEMENT Toronto, Ontario, December 18, 2007 – Trade Winds Ventures Inc. (the “Company”) reports that it has closed the second tranche of a portion of its previously announced private placement. The second closing consisted of Mineralfields Group purchasing a total of 1,666,666 flow-through units (“FT Units”) and Northern Precious Metals Group purchasing a total of 1,700,000 FT Units at $0.30 per Unit for gross proceeds of $1,010,000 (the “FT Closing”). “We are very pleased to be renewing our relationship with MineralFields Group”, said Ian Lambert. “This is Mineralfields’ sixth financing in the growth of Trade Winds since 2003. We are also pleased that the Northern Precious Metals Group has made their second investment in Trade Winds in two years. We look forward to working with MineralFields Group and Northern Precious Metals Group as we develop our copper and gold properties in British Columbia and Ontario”. Each FT Unit consists of one flow-through common share and one-half of one transferable non-flow-through common share purchase warrant, with each whole warrant entitling the holder to acquire one further common share of the Company for a period of two years from closing at an exercise price of $0.50. The remainder of the private placement is expected to close in the next two or three weeks and is expected to raise up to an additional $1.5 million on a brokered basis from the sale of up to 6,000,000 Units and an additional $1.75 million on a non-brokered basis from the sale of up to 7,000,000 units, all at $0.25 per unit. All securities issued on the FT Closing have a hold period in Canada until April 12, 2008. In addition to a cash commission of $30,000, the Company has issued 269,333 compensation warrants entitling the agents to acquire that number of non-flow-through Units equal to 8% of the FT Units sold under the FT Closing at $0.30 per Unit for a period of two years. The gross proceeds from the issue of FT Units will be used for exploration and development of the Company’s projects in British Columbia and Ontario. The flow-through funds will constitute Canadian exploration expenses and will be renounced for the 2007 taxation year. About MineralFields, Pathway and First Canadian Securities ® MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities ® is active in leading resource financings (both flow-through and hard dollar) on competitive, effective and service-friendly terms, with investors both within, and outside of, MineralFields Group". The Company also announces that it has granted incentive stock options to purchase an aggregate of 1,300,000 shares of the Company's capital stock to the Directors and employees involved in Investor Relations. These options will have a five year term, exercisable up to December 18, 2013 at a exercise price of $0.30 per share, which price is greater than the Discounted Market Price of the Company's shares immediately preceding December 18, 2007. All stock options and any shares issued on the exercise of stock options will be legended with a four month Exchange hold period commencing on the date the stock options were granted. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. FOR FURTHER INFORMATION PLEASE CONTACT: Ian D. Lambert, CEO/President (604) 742-2522 Terry McGee, Investor Relations Toll Free (877) 811-4518 ext 228 or (604) 742-2531 Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Visit our Website at www.tradewindsventures.com This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.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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