Pathway Mining 2006 Flow-Through Limited Partnership: Second Closing Mining Flow-Through Raises $7,516,550

Pathway Mining 2006 Flow-Through Limited Partnership (the “Partnership”) reports that on June 29, 2006, the Partnership completed the second closing of its initial public offering (the “Offering”) and raised total gross proceeds of $7,516,550 on the sale of 751,655 limited partnership units at $10.00 per unit pursuant to a final prospectus dated May 29, 2006, which is available on SEDAR at www.sedar.com. The Partnership received gross proceeds of $12,660,750 on the first closing of its Offering on June 1, 2006. Accordingly, the Partnership has raised $20,177,300 to date of the $30 million maximum offering. A third closing has been set for July 28, 2006.

Wellington West Capital Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc., Argosy Securities Inc., Burgeonvest Securities Limited, Integral Wealth Securities Limited and Leede Financial Markets Inc. acted as agents in the Offering, with Wellington West acting as the lead agent. Following completion of the Offering, Pathway Mining 2006 Inc., the General Partner of the Partnership, will invest available funds of the Partnership primarily in flow-through shares of resource companies engaged in mineral exploration in Canada and listed on the TSX or the TSX Venture Exchange. The General Partner will invest the available funds such that Limited Partners will be entitled to claim certain deductions from income and investment tax credits for income tax purposes for the 2006 taxation year. The General Partner also plans to invest the available funds with a view to achieving capital appreciation of the Partnership’s investments.

Pathway Group’s previous offering – Pathway Mining 2005 Flow-Through Limited Partnership – which closed in late 2005, was dissolved on May 8, 2006, 20 months ahead of schedule, and rolled over into an RRSP-eligible mutual fund corporation (MineralFields/EnergyFields Multi Series Fund Inc.) to provide investors with early liquidity on a tax-deferred basis. At early dissolution, each $10 unit was worth $19.90, representing a pre-tax return of 99 %, and an after-tax return of 325.98 % before factoring in capital gains tax, and 227.13 % when capital gains tax is factored in.

Information on the Partnership can be obtained by visiting the website www.pathwayam.com.

Contact:

General Partner Pathway Mining 2006 Flow-Through Limited Partnership (416) 665-9339, toll-free at 1 (800) 339-9169 (416) 665-4772 (FAX) jd@mineralfields.com

www.pathwayam.com

Source: Pathway Mining 2006 Flow-Through Limited Partnership