Boxxer Gold Closes $200,000 Financing

Wed May 21, 6:18 PM

CALGARY, ALBERTA--(Marketwire - May 21, 2008) - Boxxer Gold Corp. (TSX VENTURE: BXX.V) ("Boxxer" or the "Corporation") today announced it has closed the $200,000 financing announced on April 30, 2008. Boxxer issued 2,500,000 Units to a single arm's length investor at $0.08 per Unit for gross proceeds of $200,000. Each Unit consisted of one common share in the share capital of Boxxer ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant shall be exercisable for 24 months from the date of issuance into one Common Share at a price of $0.12 per Common Share.

Boxxer will use the proceeds to fund its Nevada exploration projects including the Boss, Buena Vista, and Boyer Ranch projects and for general working capital purposes.

About Boxxer Gold Corp.

Boxxer Gold is a Canadian junior resource company involved in the exploration of copper-gold porphyry and Iron-Oxide-Copper-Gold projects in the state of Nevada, and a shear hosted gold project located 110 kilometres north of Yellowknife NWT, Canada.

Forward Looking Statements: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding Boxxer's use of proceeds from the private placement - are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts

Elmer B. Stewart
Boxxer Gold Corp.
President & Chief Executive Officer
(403) 264-4811
Email: elmer@boxxergold.com

Colin Christensen
Boxxer Gold Corp.
Vice President
(403) 264-4811
(403) 237-6292 (FAX)
Email: colin@boxxergold.com
Website: www.boxxergold.com

Jason Shepherd
Phoenix Communications Group
(250) 717-1910
Email: phoenixcom@telus.net