Salmon River Resources Ltd announced that the part and parcel private placement announced on November 4th 2011 has been increased from up to USD 1,500,000 to up to USD 2,100,000. The Company may issue up to 7,000,000 common shares at USD 0.30 per common share.

The net proceeds of the Private Placement will be used primarily for legal and other expenses expected to be incurred in connection with the Investment Framework Agreement and the Treppo Grande Option described in the press release of the Company dated November 4, 2011.

In connection with the Private Placement, Salmon River may pay finders' fees to certain finders, including cash commissions in an amount equal to 8% of the proceeds from the sale of the common shares to subscribers and options to acquire that number of common shares equal to 8% of the number of common shares sold to subscribers. Such options will be exercisable for 18 months following their date of issue.

The common shares issued in the Private Placement will be subject to a four-month hold period in accordance with the policies of the TSX Venture Exchange and applicable securities legislation. The Private Placement remains subject to the approval of the TSX Venture Exchange.