Cassius Ventures Ltd.

August 08, 2011 14:06 ET

Cassius Ventures Ltd. Announces Termination of Carrot River Agreement in Order to Focus on Development of the Nicaragua Gold Properties

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 8, 2011) - Cassius Ventures Ltd. (TSX VENTURE:CZ) (the "Company") announces that it has given notice of termination of the agreement (the "Option Agreement") under which it held an option to acquire a 60% interest, title and right in and to the Carrot River Property located in Manitoba.

The termination of the Option Agreement allows for the Company to focus solely on progressing its exploration program in respect of its Nicaraguan gold properties, which consist of sixteen exploration concessions over 137,000 ha recently acquired from Fortress de Nicaragua S.A.

On behalf of the Board of Directors

Cassius Ventures Ltd.

John Thomas, President and CEO

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.
    John Thomas
    President and CEO
    (604) 558-1107