Radisson Announces Closing of a $200,000 Placement

Dec 28, 2012

ROUYN-NORANDA, QUEBEC–(Marketwire – Dec. 27, 2012) – Radisson Mining Resources Inc. (TSX VENTURE:RDS) (“Radisson”) is pleased to announce that it closed a $200,000 private placement for development of the O’Brien/Kewagama project on December 27, 2012.

In connection with this placement, Radisson issued 1,925,000 common shares at a price of $0.08 per share and 460,000 flow-through shares at a price of $0.10 per share. No cash compensation was paid in connection with this placement. The shares issued are subject to a hold period of four months and one day.

As part of this private placement, Radisson’s new President and Director, Mario Bouchard, purchased 625,000 common shares for a total price of $50,000. Mr. Bouchard therefore holds 6.5% of outstanding shares. This transaction constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (MI 61-101). However, the operation is exempt from the formal valuation and minority shareholder approval requirements pursuant to Multilateral Instrument 61-101 (sections 5.5(a) and 5.7(1) (a)). A material change report in respect of this transaction was not filed at least 21 days in advance of the closing because it had not been finalized.

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