White Pine 4,275,000-FT-share private placement 2008-12-29 16:42 ET

Private Placement The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 18, 2008.

Number of shares: 4,275,000 flow-through shares Purchase price: 25 cents per share

Warrants: 4,275,000 share purchase warrants to purchase 4,275,000 shares

Warrant exercise price: 35 cents for a one-year period

Number of hidden placees: 20 placees

Insiders/pro group:

Robert Sal (pro group) 200,000;

John Tait (insider) 400,000;

Thomas Pladsen (insider) 80,000;

Michael Kilbourne (insider) 25,000

For further details, please refer to the company's news release dated Dec. 23, 2008.