SOURCE: Secure Runway Systems Corp.

April 07, 2010 15:00 ET

Secure Runway Systems Corp. (SRWY) Announces Definitive Agreement on the Hemlo Aura Gold Property

TORONTO--(Marketwire - April 7, 2010) - Secure Runway Systems (PINKSHEETS: SRWY) is very pleased to announce that it has signed a definitive agreement with respect to its proposed first property acquisition located in the Hemlo area of Northern Ontario with International Explorers and Prospectors Inc., a private company.

Secure will acquire a undivided 100% right, title and interest in and to the mining and surface rights of approximately 300 acres in the Hemlo area, Bomby Township, Ontario. The claim numbers are TB386628, TB386629, and TB386631. Terms of the agreement include that SRWY will acquire the property by making a cash payment of $25,000 within 90 days of the signing of the agreement, making an additional cash payment of $25,000 within 180 days of the signing of the agreement and issuing 1 million shares of SRWY common stock which will be restricted for a 1 year period. International Prospectors will retain a 3% NSR with SRWY having the option to purchase 2% of the NSR for one million dollars.

Edward Minnema, President of SRWY is thrilled that after a great deal of due diligence the company has signed a definitive agreement for the acquisition of its first asset in a prolific mining area of Northern Ontario. "I am very pleased with the outcome of the negotiations and wish to thank 'International Explorers' for their cooperation in negotiating with SRWY on terms that are highly beneficial to Secure and its shareholders.

The property is bordered by Newmont Mining (NEM-Z, NMC-T) to the west and Metalcorp (MTC-V) to the east. "We are pleased to have such notable neighbors," commented Mr. Minnema. Metalcorp recently announced some exciting news at their Hemlo East gold property.

"The property has road access and a rail system dividing it so it has excellent infrastructure. The area has hosted some very large gold mines. The Hemlo area is where the 23 million ounce Barrick-Hemlo Gold mine is located. This will be the first of many properties the company plans to secure," further commented Mr. Minnema.

In other company developments, Secure has decided not to pursue the previously announced LOI with International Explorers dated March11, 2010 on the basis of its due diligence but is pleased that the companies have worked together on the Hemlo Aura property agreement. SRWY is in the process of building its website to properly update the public and its shareholders and is contemplating a suitable name change to reflect the company's new focus and direction.

About Secure Runway Systems Corp.

Secure Runway Systems plans to add to the Company a diverse range of business ventures which will appeal to a broad audience so the Company will grow together with those different sectors of the economy. The company is currently investigating various business ventures including those in the retail and mining exploration sectors of the economy.

Safe Harbour Statement:

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or planned, "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

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