April 10, 2007 09:30 ET

Maestro Options Four Additional Nevada Properties

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 10, 2007) - Maestro Ventures Ltd. (TSX VENTURE:MAP) is pleased to announce that it has signed an option agreement with Genesis Gold Corp. of Salt Lake City, Utah, to earn a 100 percent interest in four mineral exploration properties in Nevada. The property package consists of 800 acres of unpatented mineral claims in north to north-central Nevada. Exploration activities on these properties will be supervised by John Zimmerman of Genesis Gold Corp. of Salt Lake City, Utah.

Pursuant to terms of the agreement, Maestro agrees to pay Genesis USD$5,000 per property ($20,000 total) and 50,000 shares per property (200,000 total) on the date of exchange approval. Maestro also agrees to the following payments: on the first anniversary USD$5,000 and 75,000 shares per property retained; on the second anniversary USD$5,000 and 100,000 shares per property retained; on the third and fourth anniversaries USD$5,000 and 150,000 shares per property retained; and on the fifth anniversary USD$25,000 and 150,000 shares per property retained. Upon issuing a cumulative total of 1,000,000 shares for any property, Maestro will have earned 100 percent title to that property. The agreement is subject to a royalty of 2 percent on unencumbered land and a 1 percent royalty on encumbered land, at gold prices less than $700 per ounce. At prices of $700 per ounce and higher, the royalty is 3 percent on unencumbered land and 1.5 percent on encumbered land.

Target Concepts Summary

The North Star Property, situated in north-central Nevada, is centered on a significant regional gravity anomaly along the possible northwest extension of the Carlin Trend. The gravity anomaly is believed to indicate the presence of favorable dense carbonate host rocks at moderate depths under the property. The property also displays strong Carlin-type alteration and geochemistry at surface and has several drill targets identified, which Maestro plans to test at depths between 1,500 to 2,000 feet.

The Golden Brew Property in central Nevada hosts several targets with Carlin-type mineralization in an area underlain by limestone and limey shale, cut by several faults along a strike length of over 4000 feet. Previous rock chip sampling returned several +1 ppm Au assays with a maximum of 2100 ppb (0.061 opt Au). Prior drilling focused on access, leaving the priority targets untested. Maestro plans to drill these untested targets and perform further surface work to develop additional targets.

The Twelve Mile Property is a Carlin-type target located in an under-explored area in northeast Nevada. The property was previously mapped incorrectly as a volcanic system. Only a small part of the system has been tested to date, with previous work revealing surface ore grades of 2g/t Au. Maestro plans to evaluate the entire system to develop drill targets with modern concepts and techniques.

The Zoned Porphyry Gold Project (ZPG) is a Copper-Gold target near Newmont's Phoenix project in north-central Nevada. A large magnetic anomaly supports the presence of a buried porphyry system. Prior drilling by Hemlo Gold intercepted 70 feet of .35 percent Cu in a chalcocite blanket in altered sediments. IP chargeability anomalies were subsequently identified by Kennecott but remain untested. Maestro has identified one drill-ready target and plans to develop additional targets through further IP testing.

Allan Williams, President of Maestro Ventures Ltd., comments: "Maestro now has a quality exploration portfolio of ten properties ranging from conceptual to those having historic resources and or past production. We are positioning Maestro to be a candidate for future joint ventures and be positioned favorably for consolidation in the industry."

On Behalf of the Board of Directors

Allan W. Williams, President & CEO

Maestro cautions that any technical information contained herein has not been independently reviewed, is not NI 43-101 compliant and should not be relied upon.

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

Contact Information

  • Maestro Ventures Ltd.
    Allan W. Williams
    President & CEO
    (604) 484-7086
    (604) 484-7044 (FAX)