TORONTO, March 4, 2005 (PRIMEZONE) -- Ekwan-X, Inc. (Pink Sheets:EKWX) is very pleased to announce an initial financing of $100,000. This round of financing is the first tranche of funds to be raised in the $2,000,000 financing announced earlier this year. The funds were realized in a private placement to accredited investors. Ekwan-X is commencing in its plan to complete a major hyperspectral survey in the State of Nevada. Ed Godin, CEO of Ekwan-X states, "We are pleased with the response from the investment community in regards to financing the venture. We are in discussion with several major financial groups to complete the $2,000,000 financing."
Ekwan-X, Inc. is a mineral exploration company using hyperspectral imaging technology. Ekwan-X will concentrate its resources to fully exploit the highly mineralized areas in Nevada, New Mexico, and Arizona. The State of Nevada has been chosen for Ekwan-X's first exploration program due to the prolific gold production and recent huge gold discoveries such as the new Placer Dome discovery in the Cortez Region of Nevada.
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ON BEHALF OF THE BOARD of EKWAN-X, INC.