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Published on 11/23/2005 in the Prospect News PIPE Daily.

New Issue: Northwest Resources completes A$1 million sale

By Sheri Kasprzak

New York, Nov.23 - Northwest Resources Ltd. said it concluded a A$1 million private placement.

The company issued 4 million shares at A$0.25 each to sophisticated investors.

Also, the company concluded a shareholder purchase plan for A$447,000 in proceeds.

Based in Darling Point, New South Wales, Northwest is a mineral exploration company.

Issuer:Northwest Resources Ltd.
Issue:Stock
Amount:A$1 million
Shares:4 million
Price:A$0.25
Warrants:No
Settlement date:Nov. 23
Stock price:A$0.26 at close Nov. 23

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