DiscFactories Corporation
TSX VENTURE : DSK

DiscFactories Corporation

October 19, 2006 12:37 ET

DiscFactories Corporation Receives Shareholder Approval for Change of Business and Acquisition of Needles Property, Nevada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 19, 2006) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

DiscFactories Corporation (the "Corporation") (TSX VENTURE:DSK) is pleased to announce that, at a special meeting held on October 16, 2006, shareholder approval was received to complete a previously announced reorganization and Change of Business, pursuant to which it will acquire certain mining claims located in Nye County, Nevada from Taranis Resources U.S. Inc., complete its previously announced private placement and shares for debt transactions and carry on business under the proposed name "Excalibur Resources" (the "Transaction"), subject to satisfaction of certain conditions imposed by the TSX Venture Exchange. Voting results can be viewed under the Corporation's profile at www.sedar.com.

On behalf of the Board of Directors:

Edwin Bergsteinsson, Chairman

Completion of the Transaction is subject to a number of conditions, including Exchange acceptance and disinterested shareholder approval. The Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Management Information Circular of the Corporation to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Corporation should be considered highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • DiscFactories Corporation
    Edwin Bergsteinsson
    Chairman
    (604) 681-2961
    (604) 484-9101 (FAX)
    Website: www.discfactories.com