Patricia Mining Corp. rights offering over-subscribed and raises CDN$1.85 million

Patricia Mining Corp. ("Patricia") (TSXV - “PAT”) is pleased to announce that it has completed the rights offering announced on November 20, 2007. The offering was oversubscribed and raised the maximum gross proceeds of CDN$1,858,867 through the issuance of 3,574,745 units at CDN$0.52 per unit. Each unit consists of one share and one half share purchase warrant. Each whole share purchase warrant will entitle the holder to acquire one common share at an exercise price of CDN$0.75. The warrants will expire December 28, 2008.

Patricia’s main asset is a 45% interest in the operating Island Gold Mine located near Wawa, Ontario. An independent NI43-101 technical report by GENIVAR on the Island Gold Project was released on May 18, 2007. As of this date, the mine had an estimated 4.8 year mine life based on Proven and Probable Reserves totaling 1,013,854 tonnes at a diluted grade of 8.55 g/t gold. In addition, the technical report estimated Measured plus Indicated Resources to be 454,705 tonnes grading 10.26 g/t gold. The Island Gold Mine commenced commercial production on October 1, 2007.

Patricia now has a total of 39,322,193 shares outstanding.