Zoloto Resources Announces Non-Brokered Private Placement

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
President 

For more information please contact:

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

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.