Verbina Closes Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - July 25, 2008) - VERBINA RESOURCES INC. ("Verbina" or the "Company") - (TSX VENTURE: VUR.V) wishes to announce that it has completed its previously announced non-brokered private placement of units and flow-through shares (see press release dated June 20, 2008). The Company has issued 687,500 units at $0.65 per unit for gross proceeds of $446,875.00. The number represents a slight increase to the up to 618,384 units disclosed as proposed to be available in the Company's June 20, 2008 press release. Each unit consists of one common share and one-half of a non-transferable share purchase warrant, with each whole warrant entitling the holder to purchase one common share of the Company at a price of $1.05 for a period of 18 months from the closing date. The Company has also issued 337,000 flow-through common shares at $0.75 per share for gross proceeds of $252,750.00. In connection with the private placement, the Company has paid cash finder's fees of $69,962.50 and issued 69,963 finder's warrants exercisable at $0.65 for an 18 month period to registered dealers who have arranged for purchasers of units and flow-through shares. No insiders of the Company participated in the private placement and all securities issued pursuant to the private placement are subject to a four month hold period.

The net proceeds from the private placement will be used to fund ongoing drilling and exploration programs at the Company's Massey and Vanward silica projects and for general corporate purposes.

About Verbina

Verbina is a mineral exploration company whose long-term objective is to build a diversified company focused on the acquisition, exploration and development of mineral properties in the Province of Ontario. Additional information about the Company can be found in Verbina's final prospectus dated December 21, 2007, which has been filed and is available for review on SEDAR at www.sedar.com.

ON BEHALF OF VERBINA RESOURCES INC.

L.D. Stewart Winter, Chief Executive Officer

This news release does not constitute an offer to sell or a solicitation for an offer to purchase any of the securities in the United States.

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

Contacts

Stewart Winter
Verbina Resources Inc.
Chief Executive Officer
(705) 560-6967

Kevin Swanborough
Verbina Resources Inc.
Chief Financial Officer
(416) 366-4227