Bison Gold Exploration Inc. Announces Completion of Private Placement

December 27, 2007 - Toronto, Ontario - Bison Gold Exploration Inc. (“Bison Gold” or the “Company”) (CNQ: BGEI) today announced the completion of the third tranche of a non-brokered private placement financing for gross proceeds of $300,000. 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 1,000,000 flow-through units at $0.30 per unit for gross proceeds of $300,000. Each unit consists of one flow-through common share and one half of one common share purchase warrant. Each full share purchase warrant entitles the holder to purchase one common share of the Company at a price of $0.40 until December 27, 2009.

The Company paid a cash commission of 8% of the gross proceeds. The securities issued are subject to a four month hold period expiring on April 27, 2008.

Since August, 2007, the Company has raised gross proceeds of $1,595,400 including $870,400 in flow-through private placement financings, $475,000 in non flow-through private placement financings and $250,000 in convertible loan financings.

About Bison

Bison is a CNQ-listed company focused on exploring for high grade gold with property assets in Manitoba, Saskatchewan and Nevada. Bison Gold is led by a seasoned management team with the primary focus of delivering shareholder value appreciation.

As of December 27, 2007 the Company had 25,403,835 common shares outstanding and 35,789,501common shares fully diluted.

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.