Cassius Ventures Ltd.

February 25, 2011 19:16 ET

Cassius Ventures Enters Into Option Agreement to Acquire Head Bay Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2011) - Cassius Ventures Ltd. (the "Company") (TSX VENTURE:CZ) is pleased to announce that it has entered into an Option Agreement (the "Option Agreement") to earn a 100% interest in certain mineral claims (the "Property") held by Johan Thom Shearer. The Property, which consists of claims covering 4,212.71 hectares, is situated in the Alberni Mining Division of British Columbia.

In order to earn a 100% interest in the Property, the Company will pay CAD$3,500 in reimbursement of a reclamation bond, issue 100,000 common shares of the Company and pay a total of CAD$122,000 in cash over a 4 year period.

The Option Agreement is subject to approval of the TSX Venture Exchange.

On behalf of the Board of Directors

Cassius Ventures Ltd.

Jason Birmingham, Director

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

Contact Information

  • Cassius Ventures Ltd.
    Jason Birmingham
    (604) 688-9588