KOOTENAY GOLD INC. ("KTN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 7, 2011
TSX Venture Tier 1 Company


TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced December 9, 2010:


Number of Shares: 7,059,000 shares


Purchase Price:
.85 per share


Warrants: 3,529,500 share purchase warrants to purchase
3,529,500 shares


Warrant Exercise Price: $1.20 for a two year period


Number of Placees: 19 placees


Insider / Pro Group Participation:


Insider=Y /
Name ProGroup=P / # of Shares


Howard Katz P 47,000
James Anderson P 40,000


Finders' Fees: Union Securities Ltd. - $120,000
Cherwell Partners Limited (Philip Matias) -
$7,500
Paolo Bernasconi - $10,200


Advisory Fee: M Partners Inc. - $75,000


Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must
issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly. Note
that in certain circumstances the Exchange may later extend the expiry date
of the warrants, if they are less than the maximum permitted term.)