Metals Creek Resources Corp.
TSX VENTURE : MEK

Metals Creek Resources Corp.

December 07, 2011 09:23 ET

Metals Creek Resources Acquires Additional Claim Units in Ogden Twp, Timmins, Ontario

TORONTO, ONTARIO--(Marketwire - Dec. 7, 2011) - Metals Creek Resources Corp. ("Metals Creek", or the "Company") (TSX VENTURE:MEK), is pleased to announce that it has agreed to purchase a 100% title and interest in three claim units (approximately 120 acres or 48.56 hectares) in Ogden Township. The three units are contained in one unpatented claim licence and is contiguous to the Company's flagship property, the Ogden Gold Project in which Metals Creek can earn a 50 % interest from Goldcorp Canada Ltd. and Goldcorp Inc. The Ogden property covers an 8 km strike length of the Porcupine-Destor Fault and hosts a number of mineralized zones including Thomas Ogden, Naybob Mine and Porphyry Hill. The newly acquired property gives added coverage to the immediate area around the Porphyry Hill Zone and is located 1 km northwest of the Naybob Mine.

Under the terms of the agreement, Metals Creek will purchase the claim units for a one time payment of $25,000 and issue 100,000 shares of the Company to the vendor, who will retain a 1% Net Smelter Return royalty (NSR).

The transaction is subject to the approval of the TSX Venture Exchange.

About Metals Creek Resources Corp.

Metals Creek Resources Corp. is incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek can earn a 50 % interest in the Ogden Gold Property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has a 8 km strike length of the prolific Porcupine-Destor Fault (PDF) that stretches between Timmins Ontario and Val'Dor Quebec. The Corporation is also engaged in the identification, acquisition, exploration and development of other mineral resource properties, and presently has mining interests in Ontario and Newfoundland and Labrador. Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under the company's profile at www.sedar.com.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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