Leeward Announces Completion of $1,000,000 Financing with MineralFields Group


    Trading Symbol: TSX-V:LWC

    CALGARY, June 5 /CNW/ - Leeward Capital Corp. ("Leeward") is pleased to
announce that it has closed its previously announced private placement of
6,666,666 units (the "Units") at an issuance price of $0.15 for gross
aggregate proceeds of approximately $1,000,000. Each Unit consists of one (1)
common share on a flow-through basis and one-half (1/2) of a warrant
("Warrant"), with each whole Warrant entitling the holder thereof to acquire
one (1) ordinary common share ("Common Share") for $0.18 for a period of one
(1) year and thereafter at $0.22 until June 4, 2010.
    In connection with the issuance of Units, Leeward has paid Limited Market
Dealer Inc. a cash finder's fee representing 6.5% of the gross proceeds
secured from the financing and has also issued an aggregate of 666,667 options
(the "Financing Options") to acquire such number of Units equal to
approximately 10% of the total number of Units issued under the financing.
Each Financing Option is exercisable at $0.15 and consists of one (1) Common
Share and one-half (1/2) of a warrant ("Financing Warrant") and the remaining
terms of the Financing Warrants are the same as the terms of the Warrants.
    The net proceeds from the issuance of Units will fund ongoing drilling
activities on Leeward's Nithi Mountain Moly Property located in central
British Columbia. The focus of the additional drilling activities will be to
extend the high grade molybdenum mineralization of the Delta Zone and to carry
out further drilling on the Sigma and Theta zones.
    "We are very pleased to be entering into this relationship with
Mineralfields Group", said Mr. James Davis, President of Leeward. "This is an
important milestone in the growth of Leeward Capital Corp. and we look forward
to working with MineralFields Group as we develop our holdings in the Nithi
Mountain regions of British Columbia."
    The Units, the Financing Options and the respective underlying securities
are all subject to a four (4) month hold period in accordance with applicable
securities legislation. Completion of the private placement of Units is
subject to final approval of the TSX Venture Exchange.

    About MineralFields, Pathway and First Canadian Securities(R)
    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 www.mineralfields.com. First Canadian Securities(R), a division
of Limited Market Dealer Inc., is active in leading resource financing (both
flow-through and hard dollar PIPE financings) on competitive, effective and
service-friendly terms, with investors both within, and outside of
MineralFields Group.

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

For further information:

For further information: James W. Davis, M.Sc., P.Geol., F.GAC.,
Director and President, Tel.: (403) 265-4077 ext. 1,

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