PAT Patterson Metals Corp

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.


Patricia Mining Corp. ("Patricia") (TSX VENTURE:PAT) is pleased to announce that
it has completed the rights offering announced on November 20, 2007. The
offering was oversubscribed and raised the maximum gross proceeds of
CDN$1,858,867 through the issuance of 3,574,745 units at CDN$0.52 per unit. Each
unit consists of one share and one half share purchase warrant. Each whole share
purchase warrant will entitle the holder to acquire one common share at an
exercise price of CDN$0.75. The warrants will expire December 28, 2008.


Patricia's main asset is a 45% interest in the operating Island Gold Mine
located near Wawa, Ontario. An independent NI43-101 technical report by GENIVAR
on the Island Gold Project was released on May 18, 2007. As of this date, the
mine had an estimated 4.8 year mine life based on Proven and Probable Reserves
totaling 1,013,854 tonnes at a diluted grade of 8.55 g/t gold. In addition, the
technical report estimated Measured plus Indicated Resources to be 454,705
tonnes grading 10.26 g/t gold. The Island Gold Mine commenced commercial
production on October 1, 2007.


Patricia now has a total of 39,322,193 shares outstanding.

National Instrument 43-101 - the reserve and resource calculation for the Island
Gold property as of May 15, 2007 was performed by GENIVAR for Richmont Mines
Inc. as operator of the project. Mr. Michel Garon, Eng., of GENIVAR, is the
qualified person under the terms of NI43-101.


Some statements contained in this release are forward-looking and, therefore,
involve uncertainties or risks that could cause actual results to differ
materially. Such forward-looking statements include comments regarding mining
and milling operations, mineral resource statements and exploration program
performance. Factors that could cause actual results to differ materially
include metal price volatility, economic and political events affecting metal
supply and demand, fluctuations in mineralization grade, geological, technical,
mining or processing problems, exploration programs and future results of
exploration programs at the Island Gold Project, future profitability and
production.


The securities referred to herein have not been registered under the US
Securities Act of 1933 and may not be offered or sold in the United States or to
a US person absent registration or an applicable exemption from registration.

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