Bowmore Explorations Ltd. (the "Company" or "Bowmore") (TSX VENTURE:BOW)
(FRANKFURT:OB5) is pleased to announce that it has negotiated, subject to
regulatory approval, a financing (the "Financing") through the London based
investment group Global Resources Investment Ltd. ("GRIL") pursuant to which
Bowmore will acquire 518,246 ordinary shares (the "GRIT Shares") of Global
Resources Investment Trust Plc. ("GRIT"), an investment trust affiliated with
GRIL, valued at 1 British Pound per GRIT Share in exchange for 6,000,000 common
shares of Bowmore (the "Bowmore Shares") valued at $0.16 per Bowmore share.
Bowmore will then endeavor to sell the GRIT Shares to realize cash proceeds.


GRIL advises that it has established GRIT to exploit investment opportunities in
junior mining and natural resource sectors worldwide, with an investment
objective to generate medium and long-term capital growth through investing in a
diverse portfolio of primarily small and mid-capitalization natural resource and
mining companies. GRIL has advised that GRIT is in the final stages of having
its ordinary shares admitted on the main market for listed securities on the
London Stock Exchange. 


The proceeds from the Financing will be used for exploration work on the
Company's properties and for working capital. The closing of the Financing is
subject to a number of conditions including the approval of the TSX Venture
Exchange and GRIT successfully listing on the London Stock Exchange. Finder's
fees representing 6% of the transaction value may be payable in cash or GRIT
shares, at the option of the Company and in accordance with TSX Venture Exchange
policies and subject to receipt of TSX Venture Exchange approval. The Bowmore
Shares will be subject to a standard four month hold period. 


About BOWMORE 

BOWMORE is a Canadian exploration mining company focused on precious metal
exploration in Canada and Mexico. The Company trades on the TSX Venture Exchange
under the symbol "BOW". 


Neither 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. 


Forward-looking statements: Except for statements of historical facts, all
statements in this news release regarding, without limitation, the Private
Placement, new project acquisitions, future plans and objectives are
forward-looking statements which involve risks and uncertainties. There can be
no assurance that such statements will prove to be accurate.  Although the
Company believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions actual results and future events could
differ materially from those anticipated in such statements.  Factors that may
cause the actual results to differ materially from those in forward-looking
statements include precious metal prices, results of exploration and development
activities, regulatory changes, defects in title, availability of materials and
equipment, timeliness of government approvals, continued availability of capital
and financing and general economic, market or business conditions. The Company
cautions the foregoing list of important factors is not exhaustive. Investors
and others who base themselves on the Company's forward-looking statements
should carefully consider the above factors as well as the uncertainties they
represent and the risk they entail. Please see the public filings of the Company
at www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Paul Dumas
President & CEO
BOWMORE Exploration Ltd.
(514) 861-4441
info@bowmorexploration.com
www.bowmorexploration.com


Christina Lalli
Corporate Communications
BOWMORE Exploration Ltd.
(514) 865-8223
clalli@bowmorexploration.com