Britannica Resources Corp.

153 A. Ave Perreault Val d’Or, Quebec J9P 2H1 Tel : 819 825-9311 Fax : 819 825-1199

TSX Venture SYMBOL: BRR (www.brrgold.com)

April 1, 2008

Britannica Completes Financing

Britannica Resources Corp. (Britannica or the “Company”; BRR – TSX Venture) is pleased to announce it has closed a non-brokered private placement of 7,740,000 units (the “Units”) at $0.20 per Unit to raise gross proceeds of $1,548,000. Each Unit consists of one common share and one-half of a common share purchase warrant. Each whole share purchase warrant will be exercisable at a price of $0.30 per share until March 27, 2010. There is a four-month hold period on the Units, expiring on July 28, 2008.

The Company paid a 6% cash finder's fee in respect of purchasers introduced to the Company by an arm’s length finder, Casimir Capital LP of New York. The finder was also granted a warrant to purchase up to 287,400 common shares (being 6% of the number of Units placed by the finder), exercisable at $0.30 per share, on the same terms as the warrants comprising the Units.

The net proceeds from financing will be used for general working capital requirements and exploration on the Company's Quebec properties.

Britannica also completed its first anniversary payment on the McKenzie Break Project of $500,000 cash and issued $200,000 worth of its common shares to Wesdome Gold Mines on March 3, 2008.

ON BEHALF OF THE BOARD

“Jeffrey A. Cocks”

Jeffrey A. Cocks

President

FOR FURTHER INFORMATION PLEASE CONTACT: Britannica Resources Corp.

(TEL) (819) 825-9311, (FAX)-(819) 825-1199

Email: info@brrgold.com

Website: www.brrgold.com

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