Amseco Exploration Ltd.

Amseco Exploration Ltd.

April 19, 2012 11:29 ET

Amseco Prepares a Drilling Campaign on Cookie Monster, Near the Monster Lake Discovery

MONTREAL, QUEBEC--(Marketwire - April 19, 2012) - The management of Amseco exploration Ltd. (TSX VENTURE:AEL) has started an initial 1,500-metre drilling campaign on the Cookie Monster project. This project is a 50-50 joint-venture with Vantex Ressources Ltd. and is located in the Chapais-Chibougameau area. Comprised of 28 mining cells covering an area of 1,456 hectares, the Cookie Monster property is within the south-east extension of the Fancamp deformation corridor and borders to the east, TomaGold's Monster Lake project, which announced last week an intersection of 237.6 g/t Au over 5.7 metres.

In the area of the Fancamp deformation corridor, which is known on many dozens of kilometres, there are many gold deposits and showings, namely:

Monster Lake 237.6 g/t Au over 5.7 metres (Drill hole M-12-60 / PR April 11, 2012)
76.53 g/t Au over 2 metres (Drill hole M-24-11- PR August 16, 2011)
8.38 g/t Au over 2 metres (Drill hole M-36-11- PR August 16, 2011)
Murgor A et B 45.76 g/t Au over 6.10 metres (GM 29936- channel - PR July 30, 2009)
12.70 g/t Au over 3 metres (DDH M5 - Drill hole - PR July 30, 2009)
Murgor C 4.17 g/t Au over 3 metres (GM 51718- Drill hole)
Chevrier 8.3 million mt at 2.28 g/t Au (GM 52088)
Chevrier South 230 million mt at 0.3 g/t Au (GM 55029)
Winchester 1.07 g/t Au over 1.52 metres (GM 43518)
Croteau 12.74 g/t Au over 5.85 metres (Drill hole CRO11- 05)
12.76 g/t Au over 8.75 metres (Drill hole CRO11-05)
4.58 g/t Au over 6 metres (Drill hole CRO11-06)

Most of the structures that intersect the Fancamp deformation corridor generate numerous gold exploration targets. The structural, geological and geophysical compilation of the property is being conducted. This data will be used to identify the first drilling targets. This work will be supervised by Mr. Daniel Kelly, independent engineer and Qualified Person under NI 43-101. Mr. Kelly read and approved this press release.

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