Beta Minerals Inc.

Beta Minerals Inc.

November 26, 2008 16:05 ET

Beta Mails Management Information Circular Regarding Reverse Takeover to Acquire Kaolin Assets

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2008) - Beta Minerals Inc. ("Beta") (TSX VENTURE:BMI) has mailed its management information circular (the "Circular") prepared in connection with seeking shareholder approval for the proposed reverse takeover transaction whereby Beta will acquire all of the issued and outstanding securities of Erdene Materials Corporation (the "Transaction"), which is presently a wholly owned subsidiary of Erdene Resource Development Corp. (TSX:EDX).

The annual general and special meeting of the shareholders of Beta with respect to the Transaction and other matters is scheduled to occur at the offices of Davis LLP in Calgary, Alberta at 10:00am MST on December 19, 2008 (the "Meeting").

For more information regarding the Transaction and the Meeting please see Beta's previous press releases of July 17, 2008 and November 7, 2008 and the Circular which is available at

Completion of the Transaction is subject to a number of conditions, including, the Exchange's acceptance and shareholder approvals. The Transaction cannot close until the required shareholder approvals are obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the change of business may not be accurate or complete and should not be relied upon. Trading in the securities of Beta should be considered highly speculative.

This new release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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