SOURCE: Balaton Power, Inc.

November 09, 2010 10:00 ET

Balaton Announces Commencement of Exploration Activities at Its Voisey's Bay West Property, Labrador

LANGLEY, BC--(Marketwire - November 9, 2010) - Balaton Power Inc. (the "Company") (OTCBB: BPWRF) is pleased to announce that, further to its news release of September 29, 2010, Geotech Ltd. ("Geotech") has given notice to the Company that it will be mobilizing equipment on or about November 11, 2010 to carry out a helicopter-borne time domain electromagnetic geophysical survey (the "VTEM survey") over the Company's Voisey's Bay West Property, which is located 40 km southwest of Nain in northern Labrador (the "Property"). The VTEM survey is designed to target nickel-copper sulfide deposits on the Property and will require Geotech to fly approximately 565 line kilometers using its VTEM time-domain system. The Company has received all local licences, permits and consents from both the Nunatsiavut Government and the Province of Newfoundland and Labrador that are required for the VTEM survey.

The disclosure of the scientific and technical information contained in this news release was prepared under the supervision of John P. McGoran, B.Sc. P.Geo., a Qualified Person, as that term is defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Contact Information

  • BALATON POWER INC.
    "P.E. Preston"
    Paul Preston
    Director and Chief Financial Officer
    Phone: 1(877)559-5988
    Fax: 604.533-5065