





June 9, 2009 - Toronto, Ontario - Bison Gold Resources Inc. (BGE - CNSX) ("Bison Gold") announces plans to complete a non-brokered private placement (the "Private Placement") of a minimum of $581,169 to a maximum of $639,285 through the issuance of units priced at $0.05. Each unit would consist of one common share and one half of one common share purchase warrant (a "Warrant"). Each Warrant would entitle the holder to acquire an additional common share of Bison Gold at a price of $0.10 until 24 months following issuance. The private placement financing is subject to regulatory approval and all securities issued in connection with the private placement will be subject to a four-month regulatory hold period. The Private Placement may be subscribed by related parties and may be subject to Multilateral Instrument 61-101 (MI 61-101). Bison Gold will comply with MI 61-101 as applicable with respect to the Private Placement.
Bison Gold also announces that it has renegotiated the $250,000 convertible debenture due June 30, 2009 with GC-Global Capital Corp. Subject to the completion of the Private Placement, the new convertible debenture (the New Convertible Debenture”) will have a due date of September 30, 2010 and will be convertible into common shares at a price of $0.05 per share. Interest will be 12% per annum. The New Convertible Debenture is subject to regulatory approval and all securities issued in connection with the New Convertible Debenture will be subject to a four-month regulatory hold period. GC-Global Capital Corp. is a related party due to its ownership of more than 10% of the fullydiluted common shares of Bison Gold and both companies share the same Chief Financial Officer. The New Convertible Debenture will be subject to MI 61-101. Bison Gold will comply with MI 61-101 as applicable with respect to the New Convertible Debenture.
Bison Gold plans on using the proceeds from the Private Placement for the general working capital purposes.
About Bison
Bison Gold is a Canadian public company listed on the Canadian National Stock Exchange ("the CNSX"). Bison Gold is focused on gold exploration with property assets in Canada. For more information, please contact Mr. Lucas Ewart, President and CEO at (416) 488-7760.
THE CNSX 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.