V) is pleased to announce a non-brokered flow-through private placement financing to raise
PACIFIC TOPAZ RESOURCES LTD.
Suite 605 – 889 West Pender Street, Vancouver, BC V6C 3B2 Telephone: 604.682.7159 ~ Fax: 604.669.5886
March 30, 2010 Trading Symbol: PPZ 12g3-2(b): 82-1285
NEWS RELEASE
Vancouver, BC, March 30, 2010: Pacific Topaz Resources Ltd. (the “Company”) (PPZ – TSX- V) is pleased to announce a non-brokered flow-through private placement financing to raise $150,000 at a price of $0.06 per unit. The private placement is comprised of 2,500,000 flow-through units with each unit consisting of one flow-through common share and one transferable warrant entitling the holder to purchase one additional share at a price of $0.10 for five years.
Funds from the financing will be used for exploration and development.
Certain directors and officers are expected to participate in the private placement on the terms set forth above and such participation has been approved by the independent directors of the Company. The Company is relying on an exemption from the related party requirements of MI 61-101.
The financing is subject to acceptance for filing by the TSX Venture Exchange.
PACIFIC TOPAZ RESOURCES LTD.
Per: “Irvin Ridd”
Irvin Ridd, Director
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.