Long Harbour Exploration Corp. (TSX VENTURE:LHC) announces that, subject to TSX
Venture Exchange approval, it has arranged a non-brokered private placement of
1,333,333 units at $0.15 per unit for gross proceeds of $200,000. Each unit
consists of one common share and one transferable common share purchase warrant.
Each warrant will entitle the holder to purchase one common share at a price of
$0.25 for a period of 12 months from the closing of the offering. 


Proceeds from the offering will be used for general working capital. Finder's
fees will be payable on a portion of this private placement. 


Long Harbour also reports that it is investigating potential resource property
acquisitions to supplement its current property interests.
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