non-brokered private placement of 5,000,000 units at a price of $0. 30 per unit for gross
Tapestry Resource Corp.
Suite 600-666 Burrard Street, Vancouver, B.C V6C 2X8 Tel: 604 689 9600 Fax: 604 690 0610
NEWS RELEASE
Vancouver, BC –March 19, 2010 TSX Venture Exchange: TPR.H
Tapestry Resource Corp. (the "Company") is pleased to announce that it has closed a non-brokered private placement of 5,000,000 units at a price of $0.30 per unit for gross proceeds of $1,500,000.00. Each unit consists of one common share and one nontransferable share purchase warrant, each warrant entitling the holder to purchase a further common share at a price of $0.40 per share until March 19, 2011. The securities issued in connection with the offering are subject to a four-month hold period expiring on July 17, 2010.
In connection with the offering, the company has paid a finder's fee of 500, 000.units
The offering was made in compliance with the rules of the TSX Venture Exchange.
On Behalf of the Board of Directors
Tapestry Resource Corp.
“Zeny Manalo”
Zeny Manalo Director
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..