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April 11, 2005

GHG Resources Limited (“the Company”) announces that it intends to undertake a private placement to sell 6,000,000 units (the AUnits@) at a price of $0.15 per Unit for total proceeds of C$900,000.  Each Unit will comprise of one common share and one share purchase warrant, each warrant entitling the holder to purchase an additional common share of the Company for a period of one year from closing at a price of $0.20 per share. The proceeds of the private placement will be used by the Company for working capital purposes.  A 7 ½ % finder=s fee will be paid in cash or common shares of the Company.  The private placement and finder=s fee is subject to Exchange approval.

ON BEHALF OF THE BOARD

AChristopher Fung@
Director

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

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