New Shoshoni Ventures Ltd. (the "Company") has completed the private placement announced in News Releases dated May 12, 2010 and June 4, 2010. The Company has received gross proceeds of $317,400forr the subscription of 1,406,665 Flow Through Units priced at $0.15 per unit, plus an additional 709,331 Non Flow Through Units priced at $0.15 per unit.

Each Flow Through Unit consists of one flow through share plus one warrant exercisable into one flow through share at $0.20 per share for a period of 18 months. The Company plans to spend the flow-through funds raised for exploration of its DS copper/gold prospect located on Vancouver Island.

Each Non Flow Through Unit consists of one non flow through share plus one warrant exercisable into one non flow through share at $0.17 per share for a period of 18 months.

The share purchase warrants attached to both the Flow Through and Non Flow Through Units are subject to an acceleration clause, whereby the Company may, at its discretion call for the exercise of the warrants within 10 business days, if the closing price of the Company's common shares on the TSX Venture Exchange is $0.40 or higher for 10 consecutive trading days, provided that the mandatory hold period has passed.

Shares issued pursuant to this private placement and shares that may be issued as a result of the exercise of any warrants attached to this private placement will be subject to a mandatory hold period expiring October 9, 2010. No finders' fees are payable in respect of this private placement.

Additional information on New Shoshoni is available on Shoshoni's website at http://www.newshoshoni.com .

NEW SHOSHONI VENTURES LTD.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.