Coastport Capital Inc. (TSX VENTURE:CPP)(FRANKFURT:C1J) - 

NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES


Malcolm Todd, Chief Executive Officer of Coastport Capital Inc., ("Coastport" or
the "Company") reports that the Company is undertaking a non-brokered private
placement in the amount of $2,000,000. These funds will be raised through the
issuance of a combination of flow-through units ("FT Unit") at a price of $0.15
per FT Unit, and non-flow-through units ("NFT Unit") at a price of $0.125 per
NFT Unit. Each FT Unit will consist of one flow-through common share and one
half of one common share purchase warrant. Each NFT Unit will consist of one
common share and one half of one common share purchase warrant. Each whole
warrant will entitle the holder, on exercise, to acquire one non-flow-through
common share for a period of 12 months, at a price of $0.20 during the first six
months, and at a price of $0.30 during the following six months. 


Fees and commissions will be payable in connection with the private placement.
The private placement is subject to the approval of the TSX Venture Exchange.


ON BEHALF OF THE BOARD OF COASTPORT CAPITAL INC.

Malcolm Todd, Chief Executive Officer