Quri-Mayu arranges $2-million financing

Mr. Kevin Smith reports QURI-MAYU ANNOUNCES PRIVATE PLACEMENT Quri-Mayu Developments Ltd. has arranged a non-brokered private placement of up to 40 million units at a price of five cents per unit for gross proceeds of up to $2-million. Each unit will consist of one common share and one-half of one common share purchase warrant of the company. Each warrant will entitle the holder to purchase one share at an exercise price of 10 cents per warrant share for a period of 24 months from the date of issuance. The warrants will be subject to an acceleration provision, whereby if the closing price of the shares on the TSX Venture Exchange equals or exceeds 20 cents for a period of 10 consecutive trading days, the company may, within 15 days of such occurrence, accelerate the expiry date of the warrants by giving notice to the holders, in which case the warrants will expire on the 30th day after such notice is given. The offering will be made available to subscribers pursuant to the accredited investor and friends, family and business associate exemptions provided under sections 2.3(1) and 2.5 of National Instrument 45-106, Prospectus Exemptions. The company intends to use the proceeds from the offering for the exploration and advancement of the company's property and for the working capital purposes. The company may reallocate the proceeds in its discretion for sound business reasons. Finders' fees may be payable in connection with the offering in accordance with the policies of the TSX Venture Exchange. All securities to be issued in connection with the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws. Completion of the offering is subject to customary closing conditions, including the approval of the TSX-V. About Quri-Mayu Developments Ltd. Quri-Mayu Developments is a resource exploration company that is acquiring and exploring mineral properties. The company is a reporting issuer in the province of British Columbia. We seek Safe Harbor.