Advanced Primary Minerals Corporation

Advanced Primary Minerals Corporation

November 13, 2009 17:09 ET

Advanced Primary Minerals Proposes Share Consolidation

HALIFAX, NOVA SCOTIA--(Marketwire – Nov. 13, 2009) - Advanced Primary Minerals Corp. (the "Company") (TSX VENTURE:APD) announces that at a special meeting of shareholders scheduled for December 8, 2009 (the "Meeting"), shareholders will be asked to consider a special resolution to approve a consolidation of the Company's common shares on the basis of one (1) post-consolidation share for every seven (7) pre-consolidation shares, or such lesser whole number of pre-consolidation shares as the directors may determine (the "Consolidation"). If the resolution is approved by a two-thirds majority of shareholders voting at the Meeting, the directors will have the sole discretion to select the final Consolidation ratio and to implement the Consolidation, subject to the approval of the TSX Venture Exchange.

The Company currently has 117,667,382 issued and outstanding common shares. In the event that the Consolidation is conducted on a 7 for 1 basis, the Company would have approximately 16,809,626 shares outstanding following the Consolidation. However, the exact number of post-Consolidation shares will vary depending upon the treatment of fractions which will occur when each shareholder's holdings are consolidated. In the event the Consolidation would otherwise result in the issuance of a fractional share, no fractional share will be issued and such fraction will be rounded down to the nearest whole number. Outstanding stock options and warrants will similarly be adjusted by the Consolidation ratio. Erdene Resource Development Corporation, which holds approximately 64.59% of the Company's issued and outstanding shares, has indicated that it intends to vote in favour of the resolution. A vote of 66.67% of those present in person or by proxy at the Meeting is required to approve the resolution.

Management of the Company believes that further equity financing is required in order for the Company to fund its operating and working capital requirements and future business expansion purposes. It is management's opinion that the Company's existing issued and outstanding share capital is not conducive to completing such additional equity financing, and that the Consolidation is required in order to facilitate attracting new equity investment in the Company. The Company will not be changing its name or its trading symbol in conjunction with the Consolidation.

Details of the Consolidation are contained in the Company's information circular to be mailed to the Company's shareholders on or about November 13, 2009, and filed on the SEDAR website ( under the Company's profile.

About APM

APM, through its wholly owned subsidiary, Erdene Materials Corp., has been active in Georgia and South Carolina for over 10 years exploring for, evaluating, extensively testing and securing high quality primary kaolin resources. APM has also operated an industrial minerals laboratory in Eatonton, Georgia since 1998. The Company is targeting value added products that benefit from the unique attributes of its high quality, primary kaolin resource. Target markets include ceramics, paint and coatings, catalysts and other specialty industrial applications. APM has a consolidated cash and securities position of approximately US $650,000 with 117,667,382 shares issued and outstanding and a fully diluted share position of 121,467,382.

For additional information visit APM's website at or contact the company via email at

Neither 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.

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