SOURCE: M45 Mining Resources Inc.

September 18, 2008 08:30 ET

M45 Mining Resources Inc. Has Entered Negotiations for the Purchase of Major Quebec Resort

M45 Continues Expansion of Its Asset Base

MONTREAL--(Marketwire - September 18, 2008) - M45 Mining Resources Inc. (PINKSHEETS: MRES) today announced that they have entered negotiations with a private group of owners to acquire a local resort in the Province of Quebec. The property up for acquisition already has been evaluated in its present state at twenty eight million dollars ($28,000,000.00). The project has potential in the development side with various opportunities and avenues.

With successful acquisition of this property M45 will have a new advantage in their portfolio. M45 still retains its current Mining Claims in Matagami, of which it holds four major zinc anomalies; these claims are owned outright. This however will be a diverse portfolio but a strategic advantage for the company in the way of assets.

Updates concerning this negotiation will be made public as soon as they become available. Upon completion of the transaction there will be detailed project plans shown on M45's website, detailing project concepts for future development. A team will immediately be hired by the company for the developments.

Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results.

Contact Information

  • MRES CONTACT NUMBER
    M45 Mining Resources Inc.
    (516) 596-8976