Bison Gold Issues Stock Options

May 30, 2006 - Toronto, Ontario, - Bison Gold Exploration Inc. (BGEI - CNQ) (“Bison”) is pleased to announce, subject to regulatory approval, that it has engaged Canaccord Capital Corp to act as its Agent to complete a private placement on a “best efforts” basis of 1,250,000 of flow-through shares (the “Flow Through Shares”) as defined under subsection 66(15) of the Income Tax Act (Canada) and 1,562,000 units (the “Units”) for aggregate gross proceeds of approximately C$2,500,000 with an option exercisable by the Agent at any time before closing to increase the aggregate gross proceeds raised by up to C$500,000 (collectively the “Offerings”).

Each Unit will be issued at a price of C$0.80 and each Flow Through Share will be issued at a price of C$1.00. Each Unit shall consist of one common share (“Common Share”) and one-half of one share purchase warrant. Each whole share purchase warrant (a “Warrant”) shall be exercisable to acquire one common share at a price of $1.20 for a period of 18 months (the “Warrant Term”) from the Closing Date.

The proceeds from the Offerings will be used to fund Bison’s ongoing exploration program on its Central Manitoba property in Bissett, Canada, as well as working capital and general corporate services.

In consideration for its services, Canaccord will receive an 8% commission and broker warrants that will entitle the Agent to acquire that number of Units that is equal to 10% of the sum of the number of Flow Through Shares and Units issued on the Closing Date. Each Broker Warrant will entitle the holder to acquire one Unit at an exercise price of $0.80 for a period of 18 months from the Closing Date. The Agent will also receive options to acquire 200,000 Common Shares, which options shall be exercisable for a period of five years at $0.80 per share.

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.