SOURCE: McKenzie Bay International, Ltd.

September 09, 2008 16:45 ET

Lac Dore Mining, Inc. Claims Sold to Canadian Company

MIDLAND, MI--(Marketwire - September 9, 2008) - Lac Dore Mining, Inc., a wholly owned Subsidiary of McKenzie Bay International, Ltd. (PINKSHEETS: MKBY), has sold its mining claim to 6945295 Canada, Inc., a Canadian corporation.

Consideration for the mining claims consisted of 2,000,000 shares of 6945295 Canada, Inc., a 1% net smelter royalty to a maximum of CDN $4 million and the assumption of material secured liabilities, liens and indebtedness of Lac Dore Mining, Inc.

Lac Dore Mining, Inc. cannot determine the value, if any, of the shares or royalty.

For further information about this release contact Investor Relations, Rich Kaiser, YES INTERNATIONAL, 757-306-6090.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain statements made in this press release constitute forward-looking statements and do not guarantee future performance. Actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based solely on the estimates and opinions of management at the time the statements are made.

Contact Information

  • Contact:
    YES INTERNATIONAL
    757-306-6090