SOURCE: Enterayon, Inc.

July 10, 2006 08:30 ET

Enterayon Signs Letter of Intent to Acquire Platinum Claims

SKIPPACK, PA -- (MARKET WIRE) -- July 10, 2006 -- Enterayon, Inc (PINKSHEETS: ETYN) announced today that it has signed a letter of intent to acquire the Magdog, Platinum Storm, Platinum Thunder, and Platinum Dragon placer claims (the "Monte Cristo and Chilco Properties") in the New Westminster mining camp of British Columbia, Canada.

The Monte Cristo and Chilco Properties are located in a wide section of the Lillooet River Valley, approximately 31 kilometers northwest of the north end of Harrison Lake, and comprise four contiguous staked claims composed of 17 units that cover approximately 350 hectares.

The mineralization of the property consists of precious metal bearing sands that cover a 400 to 800 meter wide section of the Lillooet River valley. These post-Pleistocene sands contain gold and platinum in submicron sized particles. As reported by BC Assessment Report 2589, the sands are estimated to contain inferred reserves of 22.7 million tonnes down to a depth of 30 meters, and that a 1.4 kilogram sample of sand, taken at least a meter below surface, assayed 2.47 grams per tonne gold, 4.80 grams per tonne silver, 2.77 grams per tonne platinum, and 2.71 grams per tonne palladium.

Further details on the Monte Cristo and Chilco Properties will be provided upon formal closing of the acquisition.

About Enterayon, Inc.

Enterayon, Inc. engages in the exploration, acquisition, development, and mining of precious metal and other mineral properties. The company conducts various phases of mining, including early stage exploration, exploration drilling, development drilling, feasibility studies and permitting, construction, and operation of mining properties.

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Enterayon, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by Enterayon, Inc. or any other person that the objective and plans of Enterayon, Inc. will be achieved.

Contact Information