To: marcos who wrote (20 ) 3/21/2002 5:17:01 PM From: Berry Picker Read Replies (1) | Respond to of 34 The play begins : Boulder Mining raises a Walping 495,000 Boulder Mining Corp YBR Shares issued 12,544,491 Mar 21 close $0.23 Thu 21 Mar 2002 News Release Mr. John McAdam reports BOULDER MINING RAISES $495,000 Boulder Mining has successfully closed the financing previously announced in Stockwatch on Dec. 20, 2001, which consists of a private placement of 2.37 million units priced at 15 cents per unit totalling $355,500. Each unit consists of one common share and one 16-month warrant to purchase one additional common share for 25 cents. In addition, the company has secured the flow-through financing announced in Stockwatch Feb. 22, 2002, consisting of 933,334 units at 15 cents per unit for an additional $140,000. Similarly, each flow-through unit consists of one common share and one 16-month warrant (amended from the previously announced 12-month warrant) to purchase one additional common flow-through share for 25 cents. Combining the two financings, a total of $495,000 was raised by the company. The flow-through funds are being used to support the cost of a partially completed 14-hole reverse circulation basal till and bedrock sampling program conducted by Overburden Drilling Management Ltd. on the Walp (gold) property. The property covers a highly prospective 10-kilometre long segment of one of the few remaining unexplored deformation zones extending for 350 kilometres across the Abitibi Greenstone belt which has produced over 170 million ounces gold. The Walp property is situated approximately 70 kilometres northeast of the Timmins gold camp in Northeastern Ontario. On the Walp kimberlite claims, grids have been established over five of the six magnetic anomalies and will be subsequently geophysically surveyed. Two reverse circulation holes will be tested for kimberlite indicator minerals. In the Otish area of Quebec, Boulder's 100-per-cent-owned WS and WT Properties are scheduled for an airborne gradiometer surrey by mid-May, to be followed up by a field program consisting of till sampling and prospecting during the summer season. Arrangements have been with Overburden Drilling Management Ltd. to receive and process all till samples collected on the WS and VVT properties.