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Press release from Marketwire

DeeThree Exploration Announces Final Closing of Flow-Through Share Private Placement

Wednesday, November 24, 2010

DeeThree Exploration Announces Final Closing of Flow-Through Share Private Placement16:06 EST Wednesday, November 24, 2010CALGARY, ALBERTA--(Marketwire - Nov. 24, 2010) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESDeeThree Exploration Ltd. ("DeeThree") (TSX:DTX) is pleased to announce that it has completed the final closing of its previously announced private placement (the "Offering") with a syndicate of investment dealers (collectively, the "Agents") led by Casimir Capital Ltd. The final closing included the issuance of 412,852 common shares issued on a "flow-through" basis for the purposes of the Income Tax Act (Canada) ("Flow-Through Shares") at the price of $4.55 per share for aggregate gross proceeds of $1,878,477. The aggregate gross proceeds of the Offering was $16,500,000.The proceeds of this Offering will be used to fund DeeThree's ongoing exploration activities.The Flow-Through Shares issued pursuant to the Offering will be subject to a four month hold period from the date of closing the Offering. The completion of the Offering is subject to final approval from the Toronto Stock Exchange.Cautionary Note Regarding Forward-Looking StatementsCertain statements contained herein constitute forward-looking statements, including statements concerning the anticipated second closing date of the Offering and the anticipated use of proceeds. We believe the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon. The forward- looking statements included in this press release are made as of the date of this press release and DeeThree disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.FOR FURTHER INFORMATION PLEASE CONTACT: Martin CheyneDeeThree Exploration Ltd.President and Chief Executive Officer(403) 263-9130