GoldTrain Resources Inc.

January 20, 2010 09:30 ET

GoldTrain to Acquire Additional Exploration Property in Missinabie and Appoints New Vice-President Exploration

TORONTO, ONTARIO--(Marketwire - Jan. 20, 2010) - GoldTrain Resources Inc. ("GoldTrain" or the "Company") (CNSX:GT) is pleased to announce that it has entered into an agreement to acquire a 100% interest in a 96 hectare mining claim in Leeson Township located east-southeast of the former Renabie Gold Mine and in proximity to the Company's other claims in the Missinabie area of north-central Ontario.

GoldTrain has agreed to pay $10,000 in cash over 20 months and issue 350,000 shares to the arm's-length vendors. The vendors will retain a 3% net smelter returns royalty, two thirds of which can be purchased for $2,000,000.

The Company is also pleased to announce the appointment of Joerg Kleinboeck, P.Geo., as Vice President, Exploration. Mr. Kleinboeck is a graduate of Laurentian University in Sudbury, receiving a B.Sc. in Geology in 2000, and is a member of the Association of Professional Geoscientists of Ontario. Over the past 10 years Mr. Kleinboeck has worked for a number of mineral exploration companies with exploration projects in northern Ontario, most recently as Vice President, Exploration of Fletcher Nickel Inc.

The Company also announces the granting of stock options to various officers, directors and consultants pursuant to the Company's stock option plan. Options on 1,700,000 shares were granted, each with an exercise price of $0.12 and a term of five years.

GoldTrain is exploring for gold and base metals in Ontario. For additional information about GoldTrain and its mineral properties, please visit the Company's regulatory filings at or at

This release was prepared by management of the Company who take full responsibility for its contents.

Forward Looking Information: This news release may contain or refer to forward-looking information. All information other than statements of historical fact that address activities, events or developments that GoldTrain believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond GoldTrain's ability to control or predict that may cause actual events or results to differ materially from those discussed in such forward-looking statements. Any forward-looking statement, speaks only as of the date on which it is made and, except as may be required by applicable securities laws, GoldTrain disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although GoldTrain believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be placed on these forward-looking statements due to the inherent uncertainty therein.

Contact Information

  • GoldTrain Resources Inc.
    Mr. Brian Wright
    President and CEO
    (705) 976-0216