BEATRIX ANNOUNCES CLOSING OF BROKERED PRIVATE PLACEMENT

Further to the news release of May 30, 2013, Beatrix Ventures Inc. has completed a private placement of 33,333,332 units for gross proceeds of $500,000. Sunel Securities Inc. acted as agent.

Each unit consists of one common share and one common share purchase warrant. Each warrant will permit the holder to purchase one additional common share for a period of 60 months from closing of the offering at a price of five cents if exercised within 12 months following closing or 10 cents if exercised during the subsequent 48 months.

In addition to the statutory four-month hold period, subscribers have entered into a voluntary, contractual escrow agreement restricting them from trading the unit shares until the later of: (i) 12 months following closing of the offering and (ii) six months following closing of a subsequent, minimum $5-million, subject to an outside escrow release date of 18 months following closing of the offering.

The escrow provisions are intended to align the interests of subscribers with the company's existing shareholder base, encourage a meaningful, follow-on financing and promote the long-term growth of the company.

The offering has been approved by the company's board of directors, excluding those directors who have a direct interest in the offering.

The proceeds of the offering, less agent's commission of $37,500 and transaction costs of approximately $30,000, will be used as follows: (i) approximately $335,000 to finance further investment in and exploration of the company's properties; (ii) approximately $40,000 to retire existing debt, including payment of deferred management fees to Pender Street Corporate Consulting; and (iii) the rest to strengthen the company's balance sheet and for general corporate purposes.

We seek Safe Harbor.