Nass Valley Gateway Announces Private Placement Closing



    Stock Symbol: CNQ - NVGL

    VANCOUVER, June 6 /CNW/ - Nass Valley Gateway Ltd. is pleased to announce
that further to its news release dated March 23, 2007, it has closed a private
placement of 2,020,849 Flow Through Units at $0.37 per unit ("FT Unit") and
1,240,454 of Non-Flow Through Units at $0.28 per unit ("NFT Unit") for total
gross proceeds of $1,095,041.25. The private placement was oversubscribed by
30.45%. All of the shares, warrants and any shares issued upon exercise of the
warrants comprising the units are subject to a hold period and may not be
traded in British Columbia until October 1, 2007 except as permitted by the
applicable Securities Acts and the Rules made thereunder and the CNQ.
    Finders fees of 7% payable by $25,147.50 in cash was paid to Blackmont
Capital Corp.("Blackmont"), $24,496.48 in cash was paid to Canaccord Capital
Corporation ("Canaccord"), $1,748.25 in cash was paid to Pacific Int'l
Securities Inc ("Pacific") and, 114,000 warrants ("Broker Warrants") were
issued to Blackmont, 94,581 Broker Warrants were issued to Canaccord, and
6,750 Broker Warrants were issued to Pacific. Each Broker Warrant will be
exercisable to purchase one additional common share at $0.40 per Broker
Warrant Share for a period of one year from the date of closing. The Broker
Warrants are also subject to a hold period and may not be traded in British
Columbia until October 1, 2007 except as permitted by the applicable
Securities Acts and the Rules made thereunder and the CNQ.
    After giving effect to the private placement, Nass Valley Gateway will
have 21,961,303 common shares issued and outstanding.
    The proceeds of the private placement will be used towards a drilling
exploration of its Nass Bay and Kleanza Mountain Projects located in British
Columbia and for working capital to fund ongoing operations and additional
acquisitions.

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    The CNQ has not reviewed, and does not accept responsibility for the
    adequacy or accuracy of the contents of this news release.





For further information:

For further information: Dieter Peter, Chairman & CEO, Telephone: (604)
685-4170; Pamela Keck, Investor Relations Co-ordinator, Telephone: (604)
685-4170


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