VANCOUVER, BRITISH COLUMBIA - Auscan Resources Inc. (the 'Company' or 'Auscan') (TSX-V: ACR.H) announces that it has arranged a non-brokered private placement financing of up to 550,000 units (each a 'Unit') at $0.24 per Unit to raise up to $132,000. Each Unit will comprise one common share (a 'Share') and one-half of a common share purchase warrant, with each whole warrant (a 'Warrant') entitling the holder to purchase an additional Share for a period of three years at a price of $0.32.

Insiders will be participating in this financing and proceeds will be used for working capital purposes. The financing is subject to acceptance of filings with the TSX Venture Exchang

Contact:

Nick DeMare

Director

Tel: 604 685 9316

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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