American Creek Closes $2,000,000 Private Placement with MineralFields Group

    RAYMOND, AB, March 2 /CNW/ - American Creek Resources Ltd. (the
"Corporation") (TSX Venture: AMK) announces that it has closed a non-brokered
private placement of 952,380 units of the Corporation ("Units") at a price of
$2.10 per Unit to MineralFields Group limited partnerships for gross proceeds
of $2,000,000. Each Unit consisted of one flow-through common share of the
Corporation ("FT Share") and one transferable common share purchase warrant (a
"Warrant"). Each Warrant may be exercised for one additional non flow-through
common share of the Corporation ("Common Share") at a price of $5.00 per
Common Share until March 2, 2008.
    The Units were sold to qualified purchasers resident in Ontario in
reliance upon exemptions from the prospectus and registration requirements of
applicable securities legislation. The proceeds from the sale of the FT Shares
will be used to incur Canadian Exploration Expenses on the Corporation's
mineral properties, which are all situated in British Columbia, Canada.
    In connection with the sale of the Units, the Corporation paid Limited
Market Dealer Inc. ("LMDI") a finder's fee consisting of: (a) $100,000 cash
(equal to 5% of the proceeds from the sale of the Units); and (b)
non-transferable finder's options ("Finder's Options") entitling LMDI to
acquire up to 66,666 units of the Corporation ("Finder's Units") (equal to 7%
of the Units sold) at a price of $2.10 per Finder's Unit until March 2, 2008.
Each Finder's Unit consists of one Common Share and one Warrant.
    The FT Shares and Warrants comprising the Units, the Common Shares and
Warrants comprising the Finder's Units, and the Common Shares issuable on
exercise of the Warrants comprising the Units and the Finder's Units are all
subject to a restricted period which expires on July 3, 2007.

    American Creek Resources Ltd. is a Canadian mineral exploration company
focused on the acquisition, exploration and development of gold and silver
deposits, with several projects in the Province of British Columbia.

    About MineralFields Group

    MineralFields Group (a division of Pathway Asset Management) is a
Toronto-based mining fund with significant assets under administration that
offers its tax-advantaged super flow-through limited partnerships to investors
throughout Canada during most of the calendar year, as well as hard-dollar
resource limited partnerships to investors throughout the world. Pathway Asset
Management also specializes in the manufacturing and distribution of
structured products and mutual funds. Information about MineralFields Group is
available at

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

For further information:

For further information: Darren R. Blaney, Chief Operating Officer, Tel:
(403) 752-4040, Fax: (403) 752-4020, or Email:;
Information relating to the Corporation is available on its website at

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