Minerals Processing Corporation

June 01, 2006 12:42 ET

Early Warning Report for Aquila Resources Inc.

TORONTO, ONTARIO--(CCNMatthews - June 1, 2006) - In accordance with regulatory requirements, Minerals Processing Corporation ("MPC") announces that on May 1, 2006, MPC acquired an aggregate of 4,484,910 common shares of Aquila Resources Inc. (formerly "JML Resources Ltd.") ("Aquila").

MPC holds an aggregate of 4,484,910 common shares of Aquila which represents an approximately 11.4% interest in Aquila on a non-diluted basis.

The above noted securities held by MPC are held for investment purposes. These investments will be reviewed on a continuing basis and such holdings may be increased or decreased in the future.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • Minerals Processing Corporation
    Thomas O. Quigley, President
    314 W. Superior Street, Suite 310, Duluth, MN 55802
    (218) 733-1452