Match Capital Resources Corporation

February 28, 2005 14:51 ET

Match Capital Resources Corporation: Press Release


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MATCH CAPITAL RESOURCES CORPORATION

NEX BOARD SYMBOL: MHC.H

FEBRUARY 28, 2005 - 14:51 ET

Match Capital Resources Corporation: Press Release

TORONTO, ONTARIO--(CCNMatthews - Feb. 28, 2005) - Match Capital
Resources Corporation (the "Corporation")(NEX:MHC.H) (the "Company") is
pleased to announce that the Company has entered into a joint venture
agreement (the "Joint Venture') with Western Troy Capital Resources Inc.
("Western Troy") whereby, subject to board of director approval by each
company, the Company is to sell a 25% joint venture interest in certain
mining claims held by the Company (the "Match Capital Claims") for a
$125,000 work commitment by Western Troy.

Western Troy holds mining claims which form part of the same exploration
target and are contiguous to the Company's mining claims in the Eastmain
River project in James Bay area, Quebec. The Company believes that the
joint exploration of the mining claims is the interest of both
companies. The $125,000 work commitment will enable further exploration
of the Match Capital Claims. The Joint Venture is to be implemented
immediately after received of board of director approval so as to enable
exploration of the Match Capital Claims during the winter season.

The Company and Western Troy are related parties in that each company is
controlled, directly or indirectly, by Stanley Mourin. The Joint Venture
is exempt from the valuation and minority shareholder approval
requirements under Ontario Securities Commission Rule 61-501 sections
5.5(2) and 5.7(2) as neither the fair market value of the subject matter
of, nor the fair market value of the consideration for, the Joint
Venture, exceeds 25% of the Company's market capitalization.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Match Capital Resources Corporation
    Stanley Mourin
    President
    (416) 922-5111
    (416) 922-6290 (FAX)
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.