Actus Minerals Corp.
TSX VENTURE : AAC

April 26, 2011 09:30 ET

Actus Minerals Property Acquisition

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 26, 2011) -Actus Minerals Corp. (TSX VENTURE:AAC) (the "Company") is pleased to announce that it has entered into an option agreement with Antoro Resources Inc., to acquire a 75% interest in 2 claim blocks comprised of a total of 37 designated claims covering an area of 578.76 hectares. The property, known as the Golden Knight project is located in the Casa Berardi township of Quebec, (the "Property"). Actus' Casa Berardi project now covers in excess of 8,497 hectares or 84.97 square kilometres immediately surrounding Aurizon Mines' Casa Berardi mining operation.

Pursuant to the terms of the option agreement, and subject to regulatory acceptance, the Company can acquire a 75% interest in the Property by expending $150,000 in exploration expenditures and issuing an aggregate of 500,000 shares over a two year period. The property is subject to an aggregate 2.5% percent net smelter return royalty ("NSR") held by two separate parties. The Company may at any time acquire half of one percent (0.5%) of the NSR for a one time payment of $1,000,000 to one of the holders of the NSR. Additionally, the Company can purchase an additional three quarters of one percent (0.75%) also for a one time payment of $1,000,000 to the other NSR holder.

A summer 2011 exploration program will be planned to include an airborne geophysical survey, geological mapping, geochemistry and trenching, directed towards drill target definition. This work is being done in tandem with the work planned on the recently optioned property from Beaufield Resources Inc. Initially an airborne geophysical survey will be conducted over both properties and the resulting data will be analyzed to identify high priority geophysical targets which will be further explored.

ACTUS MINERALS CORP.

Carl von Einsiedel, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Actus Minerals Corp.
    Investor Relations
    604-678-9639