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February 27, 2004

AntOro Is Negotiating A Private Placement At $0.21

Montreal, February 27, 2004 – AntOro Resources Inc. is pleased to announce that it is negotiating a private placement of units of common and flow-through shares at a price of $0.21 with Quebec and Ontario subscribers. Each unit is composed of one common shares and one half of a warrant which gives the right to each subscriber to subscribe to one common share at $0.28 per share per full warrant until December 31, 2004. This placement is made in a proportion of 80% flow-through shares and 20% common shares. The shares of this placement will be subject to transfer restrictions for a period of four (4) months from the date of their subscription.

The net proceeds of this placement will be added to AntOro’s working capital and will be used for the exploration of its mineral properties.

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