Anthem Ventures Capital Corp. Announces Private Placement

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FOR IMMEDIATE RELEASE:

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

ANTHEM VENTURES CAPITAL CORP. ANNOUNCES PRIVATE PLACEMENT

VANCOUVER, April 5, 2010 – Anthem Ventures Capital Corp. (TSX-V: AVE) (the “Company” or “Anthem”) is pleased to announce that it has appointed PI Financial Corp. (the “Agent”) to act as an exclusive agent on a commercially reasonable efforts basis with respect to a proposed brokered private placement of up to 10,000,000 common shares of the Company at $0.50 per share for aggregate gross proceeds to the Company of up to $5,000,000.

The private placement is to close concurrent with the Company’s previously announced proposed acquisition of all of the issued and outstanding shares of West Kirkland (the “Transaction”), a private company focused on North American gold exploration west of Kirkland Lake, Ontario and in Nevada. Completion of the Transaction and private placement is subject to approval by the TSX Venture Exchange and, if accepted, the Transaction is intended to be the Company’s “qualifying transaction”.

The Company will pay to the Agent a commission of 6.0% of the gross proceeds of the private placement on the closing of the private placement. The Agent may elect to receive such commission in cash or, in whole or in part, in common shares of the Company at a deemed price of $0.50 per share. In addition, on the closing of the Private Placement, the Agent will be granted compensation options equal in number to 6.0%of the aggregate number of common shares sold under the private placement, which will entitle the Agent to purchase, at an exercise price equal to $0.75, one common share for a period of twelve months following the closing. The securities issuable under the private placement and to the Agent will be subject to a four month hold period under applicable securities laws.

West Kirkland is a private company founded by Michael Jones and Frank Hallam that has acquired a portfolio of mineral exploration properties located in Nevada and Ontario since its incorporation in November 2009. These property interests include an option to earn up to a 75% undivided interest in Mexivada Mining Corp.’s Goldstorm gold exploration property located in Nevada and five blocks of property optioned or staked West of Kirkland Lake, Ontario. R. Michael Jones said: “We plan to follow the same model that has been very successful over the past five years. West Kirkland will develop its own dedicated management team at the technical and financial level and independent directors. The technical and business model has been very successful in our previous founding of Platinum Group Metals (PTM-TSX, PLG-NYSE AMEX), MAG Silver Corp. (MAG-TSX, MVG-NYSE AMEX) and West Timmins Mining Inc. (sold to Lake Shore Gold Corp. in November 2009 - LSG-TSX). The technical theme of West Kirkland follows the proven model of acquiring big positions on known producing trends, worked systematically with dedicated expertise”.

The net proceeds from the private placement will be used to execute the Company’s exploration objectives in Ontario and Nevada and for general working capital upon completion of the Transaction.

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This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

For further information, please call:

Anthem Ventures Capital Corp. West Kirkland Mining Inc.

Grace To (604) 488-3618 R. Michael Jones (604) 899-5450

Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and, if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed on the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the completion of the proposed acquisition of the Properties and the Concurrent Financing, and the anticipated business plans of the Company. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward- looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company’s equity securities, the state of the market for gold or other minerals that may be produced generally, recent market volatility; variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company's most recent annual and interim Management’s Discussion and Analysis for a more complete discussion of such risk factors and their potential effects, copies of which may be accessed through the Company’s page on SEDAR at www.sedar.com.