Bison Gold Exploration Inc. Announces Completion of Private Placement

May 16, 2008 - Toronto, Ontario - Bison Gold Exploration Inc. ("Bison Gold" or the "Company") (CNQ: BGEI) today announced the completion of the completion of a non-brokered private placement financing for gross proceeds of $500,000. The proceeds of the financing will be used to fund the Company's ongoing exploration programs in the province of Manitoba as well as working capital and general corporate services.

The Company has issued 2,300,001 flow-through shares at $0.15 per share for gross proceeds of $345,000. The Company has issued 1,033,333 non flow-through units at $0.15 per share for gross proceeds of $155,000. Each share purchase warrant entitles the holder to purchase one common share of the Company at a price of $0.25 until May 16, 2010.

The Company paid a cash commission of $32,000 and issued 240,000 broker warrants for the financing. Each warrant entitles the holder to purchase one common share of the Company at a price of $0.20 until November 16, 2009.

The securities issued are subject to a four month hold period expiring on September 16, 2008.

About Bison

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

For more information, please contact Mr. Lucas Ewart, CEO at (416) 646-7649.

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.