PAT Patterson Metals Corp

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.


Patricia Mining Corp. ("Patricia") (TSX VENTURE:PAT) announces the exchange of a
$2,000,000 debenture which came due on June 1, 2007 into 4,382,404 units of the
Company. Each unit will have the same terms and conditions as those offered
under the recently competed rights offering. Each unit was priced at $0.52 and
is comprised of one common share and one half of one share purchase warrant.
Each whole share purchase warrant entitles the holder to acquire one common
share at an exercise price of $0.75. The warrants expire one year after the date
of closing.


Patricia is also announcing the grant of 1,000,000 options at an exercise price
of $0.52 per share to management, directors and employees of the company. These
stock options are part of the total compensation package of employees'
management and the directors. The option grants will have a five year term and
are subject to approval by the TSX Venture Exchange.


Patricia's main asset is a 45% interest in the operating Island Gold Mine
located near Wawa, Ontario. As of May 15, 2007 the mine had an estimated 4.8
year mine life based on estimated Proven and Probable Reserves totalling
1,013,854 tonnes at a diluted grade of 8.55 g/t gold. The project has additional
estimated total Measured and Indicated Resources of 454,705 tonnes grading 10.26
g/t gold.


National Instrument 43-101 - The reserve and resource calculation for the Island
Gold property as of May 15, 2007 was performed by GENIVAR for Richmont Mines
Inc. as operator of the project. Mr. Michel Garon, Eng., of GENIVAR, is the
qualified person under the terms of NI43-101. The technical report has been
filed on SEDAR.


This release was prepared by management of the Company who takes full
responsibility for its contents.


Some statements contained in this release are forward-looking and, therefore,
involve uncertainties or risks that could cause actual results to differ
materially. Such forward-looking statements include comments regarding mining
and milling operations, mineral resource statements and exploration program
performance. Factors that could cause actual results to differ materially
include metal price volatility, economic and political events affecting metal
supply and demand, fluctuations in mineralization grade, geological, technical,
mining or processing problems, exploration programs and future results of
exploration programs at the Island Gold Project, future profitability and
production.


The securities referred to herein have not been registered under the US
Securities Act of 1933 and may not be offered or sold in the United States or to
a US person absent registration or an applicable exemption from registration.

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