Module Resources announces up to C$600,000 non-brokered flow-through private placement



    /NOT FOR DISTRIBUTION IN THE UNITED STATES./

    BLAINE, WA, Dec. 24 /CNW/ - Module Resources Incorporated (MLE.H :
TSX-NEX) announces today that, subject to regulatory approval, it intends to
complete a non-brokered private placement of up to 3 million flow-through
shares at C$0.20 per flow-through share for gross proceeds of up to C$600,000.
Module may pay a finder's fee in respect of investors introduced to the
Company of up to 4% of the gross proceeds of the private placement in cash and
up to 10% of the gross proceeds of the private placement in Module common
shares. All of the securities issued under this private placement will be
subject to a four-month hold period. The private placement is expected to
close no later than December 31, 2007.
    The proceeds of the private placement will be used for drilling and grass
roots exploration on the Company's Ladner Creek property in British Columbia.

    On behalf of the Board of Directors,

    "J. Graham Eacott"

    Director

    The TSX-NEX Exchange has not reviewed and does not accept responsibility
    for the adequacy or the accuracy of this release. We seek Safe Harbor.

    Caution concerning forward-looking information

    This press release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable securities laws.
This information and statements address future activities, events, plans,
developments and projections. All statements, other than statements of
historical fact, constitute forward-looking statements or forward-looking
information. Such forward-looking information and statements are frequently
identified by words such as "may," "will," "should," "anticipate," "plan,"
"expect," "believe," "estimate," "intend" and similar terminology, and reflect
assumptions, estimates, opinions and analysis made by management of Module in
light of its experience, current conditions, expectations of future
developments and other factors which it believes to be reasonable and
relevant. Forward-looking information and statements involve known and unknown
risks and uncertainties that may cause Module's actual results, performance
and achievements to differ materially from those expressed or implied by the
forward-looking information and statements and accordingly, undue reliance
should not be placed thereon. Risks and uncertainties that may cause actual
results to vary include but are not limited to the speculative nature of
mineral exploration and development, including the uncertainty of reserve and
resource estimates; operational and technical difficulties; the availability
of suitable financing alternatives; fluctuations in gold and other commodity
prices; changes to and compliance with applicable laws and regulations,
including environmental laws and obtaining requisite permits; political,
economic and other risks; fluctuations in foreign exchange rates; as well as
other risks and uncertainties which are more fully described in our annual and
quarterly Management's Discussion and Analysis and in other filings made by us
with Canadian securities regulatory authorities and available at
www.sedar.com. Module disclaims any obligation to update or revise any
forward-looking information or statements except as may be required by law.





For further information:

For further information: Brent Jones, Manager of Investor Relations,
E-mail: brent.jones@moduleresources.com, Phone: (360) 332-4653, Fax: (360)
332-4652

Organization Profile

MODULE RESOURCES INCORPORATED

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