Camino Minerals Corporation (TSX-V:COR) wishes to announce that it intends to raise up to $2,100,000 by way of a private placement, to fund additional drilling at its Los Chapitos project located in southern Peru.

The non-brokered private placement will consist of up to 6,000,000 units at a price of $0.35 per unit for aggregate proceeds of up to $2,100,000. Each unit will consist of one common share of the Company and one half non-transferable share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.50 per common share for a period of 18 months after the closing date of the private placement. The warrants will be subject to an acceleration right in favor of the Company: should the closing price of the common shares of the Company on the TSX Venture Exchange be $0.75 or higher for ten consecutive trading days, the Company will be entitled to accelerate the expiry of the warrants to the date that is 30 business days from the date of the issuance of a news release by the Company announcing the exercise of the acceleration right.

The securities issued under the offering will be subject to a hold period of four months and finders’ fees may be payable in connection with the issuance of the securities. The private placement is subject to applicable regulatory approvals, including the approval of the TSX Venture Exchange.  The Shares offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act.

Net proceeds of the private placement will be used to fund ongoing exploration, including additional diamond drilling at the Chapitos Project and for general working capital.

Kenneth C. McNaughton, M.A.Sc., P.Eng., is the Qualified Person (QP) responsible for the Chapitos project.

About Camino Minerals Corporation

Camino is a discovery-oriented mineral exploration company. The Company is focused on the acquisition and development of high-grade copper and precious metal projects. For more information, please refer to Camino’s website at www.caminominerals.com.