SOURCE: M45 Mining Resources Inc.

October 09, 2007 10:02 ET

M45 Mining Resources Inc. Finalizes Acquisition of 160 Mining Titles Covering 8,935 Hectares in East Area of Matagami Mining Camp

M45 Continues Expansion of Asset Base in Zinc-Rich Matagami Camp

MONTREAL--(Marketwire - October 9, 2007) - M45 Mining Resources Inc. (OTCBB: MRES) today announced that it has finalized the acquisition of 160 mining titles covering a total area of 8,935 Hectares in the East area of the Matagami Mining Camp. The mining titles were acquired from "Miniere Grenville," a Canadian Corporation, for a total consideration of One Million Two Hundred and fifty thousand dollars payable in common shares. This acquisition is a key milestone of the "East Wind" phase of the Company's business development program.

The mining titles are situated on the east side of Matagami Mining Camp adjacent to properties owned by Xstrata plc, the world's fifth largest diversified mining company by market capitalization. These strategic territories strengthen M45's presence in the Matagami Camp by adding a new series of high-grade potential mining titles to the Company's existing "West Wind" territories. The Matagami Mining Camp is a world-class mining district, composed of 18 known volcanogenic massive sulphide (VMS) deposits. The area is host to historical production of 8.6 billion pounds of Zinc and 853 million pounds of Copper and has established infrastructure including a railway, paved road and a 2,350 t/day mill owned by Falconbridge/Xstrata plc.

M45 CEO Mr. Andrea Cortellazzi stated the following: "We have been very active during the past 6 months in increasing our strategic resource base in the Matagami Mining Camp, following the discovery of major anomalies on our West Wind properties. We have conducted geologic surveys (NI-43-101) on the newly acquired territories, which will be published. Considering the drilling program on the West Wind properties scheduled for January 2008, we have decided to evaluate the merits of conducting further drilling sessions on the East Wind sector."

For more information please visit the Corporate Web Site at, or contact Mr. Jean Minville, Investor Relations at (888) 727-8569 or via email at

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results.

Contact Information