Private Placement Expanded

NEW SHOSHONI VENTURES LTD.

609-475 HOWE STREET VANCOUVER, B.C.

V6C 2B3

TEL: (604) 682-1643 FAX: (604) 682-1666 [email protected]

TSX VENTURE EXCHANGE SYMBOL: NSV Frankfurt: NWV

February 9, 2011 News Release

Private Placement Expanded

Further to a News Release dated January 26, 2011, wherein New Shoshoni Ventures Ltd. (the “Company”) announced that it had negotiated a private placement to raise gross proceeds of $850,000, the Company has accepted subscriptions for gross proceeds of $1,320,500. The private placement will consist of 26,410,000 Units priced at $0.05.

Each Unit will consist of one share plus one warrant exercisable into one share at $0.10 per share for a period of 12 months.

The share purchase warrants attached to the 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 four months from the date of closing.

The Company will pay a cash finders’ fee on the sale of the Units to certain arm’s length finders (the “Finders”) equal to 10% of the gross proceeds raised through the Finders in the Offering, and will issue to the Finders such number of common share purchase warrants (the “Finder’s Warrants”) having the same attributes as the Warrants offered in the Offering, as is equal to 10% of the number of Units sold through the Finders in the Offering.

This private placement is subject to approval by the TSX Venture Exchange.

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

NEW SHOSHONI VENTURES LTD.

Ralf Hillebrand President

For more information, please contact Mark Tommasi at 604-608-6314 or toll free at 1-877-454-0383.

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