HTI Ventures Corp.

June 07, 2006 16:13 ET

HTI Ventures Corp.: Property Purchase and Director Appointment

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 7, 2006) - HTI Ventures Corp. (HTI) (NEX:HTX.H) announces it has entered into a purchase and sale agreement to acquire a minimum 8% working interest in a producing natural gas property in Northeast British Columbia. The property currently has seven wells drilled of which five are producing and two are awaiting tie-in. The current production is a minimum of 5.0 mmcf/d and is expected to double with the tie-in of the two further wells. The total land position is 33 sections and a minimum of 70 new drilling locations have been identified to date. The price for the working interest will be $5.2 million plus adjustments and, the vendor is a publicly listed company.

HTI will be seeking a combination of both equity and debt financing to complete this transaction. As well, HTI will be using the transaction to return to active status and will seek a Tier 2 listing on the TSX Venture Exchange as a resource issuer. The obligation of the parties to complete the proposed transaction is conditional upon all regulatory approvals, financing and the waiver of rights of first refusal for other property partners.

HTI also announces that Leonard W. Saleken, P Geo. has joined the board of HTI. Mr. Saleken is the President of Goldcliff Resources Corporation (GCN) a Venture listed company developing a gold discovery in the Hedley gold basin, southern British Columbia.

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

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