Zoloto Resources announces non-brokered private placement

    VANCOUVER, Feb. 6 /CNW/ - Zoloto Resources Ltd. ("Zoloto" or the
"Company") (TSX Venture: ZR) announces a non-brokered private placement of up
to 13,000,000 units at $0.05 per unit to raise gross proceeds of up to
$650,000 (the "Offering"). Each unit will consist of one common share and one
common share purchase warrant. Each common share purchase warrant will entitle
the holder to purchase one common share for a five-year period at a price of
$0.10 during the first two years and $0.15 during the last three years.
    The Company may pay a cash finder's fee and/or issue warrants (on the
same terms as the warrants comprising part of the units). The Offering and
finder compensation are subject to TSX Venture Exchange approval. The proceeds
of the private placement will be used for working capital purposes.

    About Zoloto Resources

    Zoloto is a gold exploration company whose primary focus is to become a
mid-tier gold producer through the advancement of its gold exploration
properties in the Russian Federation. In addition, Zoloto's management will
continue to evaluate acquisition opportunities within the Russian Federation.
Zoloto's philosophy is to unlock shareholder value in a socially and
environmentally responsible manner.

    Tim Petterson

    This news release contains forward-looking information which is not
comprised of historical facts. Forward-looking information involves risks,
uncertainties and other factors that could cause actual events, results,
performance, prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Forward looking
information in this news release includes, but is not limited to, the
Company's objectives, goals or future plans, and its expectations with respect
to completion of the Offering. Factors that could cause actual results to
differ materially from such forward-looking information include, but are not
limited to, failure to obtain TSX Venture Exchange approval of the Offering as
well as those risks set out in the Company's public documents filed on SEDAR.
Although the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are reasonable,
undue reliance should not be placed on such information, which only applies as
of the date of this news release, and no assurance can be given that such
events will occur in the disclosed time frames or at all. The Company
disclaims any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events or
otherwise, other than as required by law.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00005077E

For further information:

For further information: Alan Tenenbaum, Yana Bobrovskaya, Investor
Relations, Zoloto Resource Ltd., Phone: (604) 608-0223, Fax: (604) 608-0344

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