Merc International Minerals Inc.

Merc International Minerals Inc.

November 27, 2006 11:48 ET

Merc International Minerals Enters Into Property Agreement

TORONTO, ONTARIO--(CCNMatthews - Nov. 27, 2006) - Merc International Minerals Inc. ("MIMI")(TSX VENTURE:MRK) is pleased to announce that it entered into an option agreement under which it was granted an option to acquire an undivided 60% interest in 15 mining claims in the Larder Lake Mining Division in Northern Ontario comprising the Black Creek Gold Project.

To exercise the option MIMI must, over the five year period of the option agreement:

(a) pay the optionor a total of $540,000;

(b) incur expenditures in respect of the exploration and development of the Black Creek Project aggregating $1.96 million; and

(c) issue 395,000 common shares from treasury to the optionor.

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.

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

Contact Information

  • Merc International Minerals Inc.
    Thomas Pladsen
    President and CEO
    (647) 287-3778
    (416) 628-5911 (FAX)