Vismand Raises $20.4 Million

TORONTO, January 13, 2006 - Vismand Exploration Inc. announced today that it has completed a private placement of 5.8 preferred shares and 1.0 million flow-through common shares at a price of $3.00 for each preferred share and flow-through common share for gross proceeds of $20.4 million. Each preferred share is convertible into one common share without payment of further consideration.

The proceeds of the issue will be used to continue work on the Company’s exploration properties on Disko Island and the Nuussuaq Peninsula in central west Greenland and Vismand’s joint ventures with Falconbridge Limited adjacent to the Kidd Creek and Geco Mines in northern Ontario. It will also be used to acquire the rights to additional promising geological target areas, mainly in the Americas and Europe. The private placement was led by McLean Watson Capital and included Hospitals of Ontario Pension Plan, and several institutional and private investors.

“This successful financing allows Vismand carry out its business plan by completing our exploration work on
our existing properties, and developing others” says Keith Morrison, CEO of Vismand.

About Vismand Exploration Inc.
Vismand is a global mineral exploration company. Vismand has recruited an experienced Board of Directors, Exploration Board and management team that are implementing its strategy of building a portfolio of world class base metal properties and property interests. Vismand’s approach is unique in the industry being based on utilizing advanced geological and geophysical exploration technologies (such as the Titan 24 deep electrical earth imaging technology) to identify and prioritize exploration targets before performing conventional drilling. Vismand’s objective is to generate the maximum economic return on exploration expenditures in the mineral exploration industry, measured in market capitalization per exploration dollar spent.

For more information, please go to our website at: www.vismand.com