Bison Gold Exploration Inc. Announces $2.3 Million Financing

February 5, 2007 - Toronto, ON - Bison Gold Exploration Inc. (BGEI - CNQ) ("Bison") is pleased to announce, subject to regulatory approval, that it has engaged Union Securities Ltd. to act as its Agent to complete a Private Placement of up to 5 million Units of which up to 2.5 million Units will be offered on a flow-through basis (the "Flow-Through Units") and up to 2.5 million Units will be offered on a non flow-through basis (the "Non Flow-Through Units") (the "Offering"). Each Flow-Through Unit will consist of one flow-through common share with one half common share purchase warrant and each Non Flow-Through Unit will consist of one non flow-through common share with one common share purchase warrant.

The issue price is $0.40 (Canadian) per Unit. Each common share purchase warrant will entitle the holder thereof to purchase an additional non flow-through common share of the Company at $0.60 (Canadian) per share for a period of 14 months from the Closing Date.

The Company will grant to the Agent an over-allotment option ("Over-Allotment Option") to purchase up to an additional 750,000 Units ($300,000) of either Flow-Through Units or Non Flow-Through Units, such Units to be issued on Closing, at a price equal to the Issue Price. If exercised, such Over-Allotment Option must be executed within 5 business days of the Closing Date and completed within 10 business days of the final Closing Date.

The proceeds from the Offerings will be used to fund Bison's ongoing exploration programs in Manitoba, Canada, and in Nevada, USA as well as working capital and general corporate services.

In consideration for its services, the Agent will receive 8% in cash commission based on Units sold pursuant to the Offering and the Over-Allotment Option payable at Closing. In addition, the Company will issue to the Agent, at Closing, compensation warrants (the "Agent's Compensation Warrants") equal to 10% of the respective Flow-Through Units and Non Flow-Through Units sold pursuant to the Offering and the Over-Allotment Option. Each Agent's Compensation Warrant entitles the Agent to purchase one Non Flow-Through Unit of the Company (as applicable) at the applicable Issue Price per Unit at any time prior to the date that is 24 months from the Closing Date.

Bison Gold Exploration Inc. is a canadian public company listed on the CNQ Exchange. Bison is focused on Gold Exploration with Property Assets in Canada and Nevada. Further details can be found on Bison’s website at www.bisongold.com

For more information contact: Christopher Watkiss, President and CEO, at 416-850-4922 or W. Dale Dunlop, Secretary and Director, at 902-423-8121. Email:

THE CNQ HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This news release contains forward-looking statements regarding the timing and content of upcoming programs and may be subject to regulatory approval. Actual results may differ materially from those currently anticipated in such statements.