High River Gold Mines Completes Offering

On October 26, 2004, High River Gold Mines Ltd. completed a public offering of 32,432,433 common shares and 16,216,217 common share purchase warrants for aggregate proceeds of $60 million. The offering was underwritten by a syndicate including Sprott Securities Inc., Dundee Securities Corp., CIBC World Markets Inc., Paradigm Capital Inc. and Orion Securities Inc.

High River Gold Mines was represented by Cassels Brock & Blackwell LLP with a team composed of David Poynton, Chad Accursi, Christopher Norton and Jay King.

The underwriters were represented by Heenan Blaikie LLP with a team composed of Kevin Rooney, Sonia Yung and Jennifer Abriel.