SOURCE: Grand Pacaraima Gold Corp.

February 16, 2007 11:00 ET

Grand Pacaraima Gold Corporation Has Executed an Agreement With Regent Ventures Ltd.

LOCATION -- (MARKET WIRE) -- February 16, 2007 -- Grand Pacaraima Gold Corporation (PINKSHEETS: GPGD) has executed an agreement with Regent Ventures Ltd. based in Vancouver, British Columbia. Under the terms of this agreement, Regent Ventures Ltd. will sample and assay Grand Pacaraima's four gold mines located 8 -12 kilometers from Icabaru in southern Venezuela near the border with Brazil. Specifically, these four gold mines are the Cerro Trompa, San Miguel, Mosquito and Zapata. Metallurgica de Mineras S.A. has previously sampled and assayed these four mines to contain recoverable gold reserves of 3.6 million ounces and indicated reserves of 5 million ounces. Based upon the assay results obtained by Regent Ventures Ltd., the two firms will evaluate a joint venture development program or merger. Please contact Mr. William Sharpe. Ph. 250-542-7455.

This press release may contain certain statements that constitute forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Act of 1995. The words may, would, will, expect, estimate, anticipates, believe, intend and similar expressions are intended to identify forward-looking statements which are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's or writer's ability to control. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

Contact Information

  • Please contact:
    Mr. William Sharpe
    Ph. 250-542-7455