Amseco Exploration Ltd.

Amseco Exploration Ltd.

October 11, 2007 16:25 ET

Amseco Takes Land Position in Urban and Belmont Townships

PIEDMONT, QUEBEC--(Marketwire - Oct. 11, 2007) - Amseco Exploration Ltd. (TSX VENTURE:AEL) ("Amseco") has acquired a 100% interest in a property consisting of 23 mining claims covering 1,296 hectares located in northwestern Quebec's Urban and Belmont townships (the "Property").

Amseco is earning its interest by paying 5 000 $ and issuing 200 000 shares of its share capital to North American Exploration Ltd., subject to the approval of the TSX Venture Exchange. The acquisition is subject to the payment of a royalty of 2% of the net smelter return on each claim acquired, 1% of which is redeemable for 1 000 000 $.

The Property is located 100 kilometres east of Lebel-Sur-Quevillon.

"We are very pleased with this acquisition", mentioned Bertrand Dufour, President and Chief Executive Officer of Amseco.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Amseco Exploration Ltd.
    Bertrand Dufour
    President and Chief Executive Officer
    450-240-0522 (FAX)