Cogitore Resources Inc. Announces Private Placement Financing

    TORONTO, Oct. 19 /CNW/ - Cogitore Resources Inc. (the "Company") (WOO,
TSX-V) is pleased to announce that it has raised $690,000 by way of a
non-brokered private placement of flow-through common shares and common
shares. $600,000 of the placement was raised through the issuance of
flow-through common shares, and $90,000 was raised through the issuance of
common shares. The flow-through common shares were priced at $0.75 per
flow-through common share and the common shares were priced at $0.60 per
common share. No commissions were paid by the Company as part of this
    The flow-through common shares and common shares issued at closing are
subject to resale restrictions pursuant to applicable securities laws
requirements and notably to a hold period of four months plus one day from the
closing date.
    The proceeds of the flow-through portion of the financing will be used to
fund the Company's 2008 exploration program, while the non-flow-through
portion of the financing will be used for the Company's 2008 exploration
program and for general corporate purposes.
    The Company now has 31,898,521 common shares issued and outstanding.
    The Company has developed a strategic focus on base metal exploration in
prospective areas that also feature infrastructure favourable for mining
development. Accordingly, it will focus its work in the Abitibi Belt of Quebec
and Ontario, and in the Central Belt of Newfoundland.

    On Behalf of the Board of Directors
    Mark Goodman
    Executive Chairman

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

    %SEDAR: 00020132E

For further information:

For further information: Mark Goodman, Executive Chairman, Telephone:
(416) 924-9893

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