Brookemont Capital Inc.

October 02, 2009 03:01 ET

Brookemont Acquires 6,687 Contiguous Acres Bordering Canasia's Clone Gold Prospect

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 2, 2009) - Brookemont Capital Inc. (TSX VENTURE:BKT) (the "Company" or "Brookemont") is pleased to announce that it entered into an option agreement with an arms length vendor to acquire a 100 percent interest in 6 contiguous claim blocks consisting of 2,706 hectares (6,687 acres) in the Stewart Mining Region of British Columbia. This prospect directly borders Canasia Industries Corporation's ("Canasia") Clone Prospect and is the closest property located to their current drill program location.

Conrad Clemiss, President of Brookemont stated, "Not only is this prospect directly tied onto the Canasia's Clone Prospect, but it is the closest property to the Clone Prospect's actual drill location. Recently, there has been a staking rush in the Stewart Region of British Columbia due to Decade Resources Ltd.'s recent discoveries and the visible gold announcement made by Canasia. Management is pleased to acquire a sizable contiguous block bordering Canasia's Clone Prospect. This region has historically been a location of significant discoveries such as Eskay Creek, the Silbak Premier, the Big Missouri, the Silver Coin, the Sulphurets, and the Red Mountain deposits. Not only do we have this new acquisition, but we are currently working on our 100% owned Yukon gold prospect bordering Underworld Resources as well."

Brookemont will pay the vendor, $50,000 cash, and issue 2,400,000 common shares of the Company and grant a 3-per-cent net smelter return royalty, with an option to buy back 1 per cent for $1-million. The Company also agrees to spend $250,000 by September 30, 2010, and an additional $250,000 by September 30, 2011, as a work commitment. There will be a finders' fee payable in connection with this transaction. This transaction is subject to TSX Venture Exchange ("Exchange") approval.

Schedule of payments would be as follows:

- $25,000 and 1,200,000 shares upon Exchange approval;

- $25,000 and 1,200,000, shares within twelve months of Exchange approval.

Brookemont currently has 96 mineral claims prospective for lithium covering an area of approximately 3,800 acres located in Northern Ontario, 93 load quartz mineral claims covering an area of approximately 4,836 acres, located in the Yukon, bordering Underworld Resources Inc and now 6,687 acres in the Stewart Gold District of British Columbia. Brookemont currently only has 21,782,642 common shares outstanding.

If you would like to be added to Brookemont's news distribution list, please send your email address to

Conrad Clemiss, Chief Executive Director

Brookemont Capital Inc.

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

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