Metropolitan Mining Inc.
TSX VENTURE : MNZ

Metropolitan Mining Inc.

March 07, 2011 16:05 ET

Metropolitan Granted Extension to Complete Work on Fruso Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 7, 2011) - Metropolitan Mining Inc. ("Metropolitan" or the "Company") (TSX VENTURE:MNZ) announces that it has been granted an extension of time to complete the balance of $1,250,000 in qualified expenditures on the Fruso Property, located in Salta, Argentina, and thereby increase its earned interest in the property from the current 20% to 60%. In particular, pursuant to an Extension Agreement between the Company, Argentine Frontier Resources Inc. ("AFRI") and Salta Exploraciones S.A. ("SESA"), Metropolitan has until January 31, 2012 to complete approximately US$625,000 in additional qualified expenditures under its option agreement dated January 31, 2008 (the "Option Agreement") with AFRI and SESA in order to earn the additional 40% interest. All other terms of the Option Agreement remain in full force and effect and Metropolitan will continue to hold it current earned interest of 20% without undertaking additional exploration on the Fruso Property. 

ON BEHALF OF THE BOARD OF DIRECTORS

Michael G. Thomson, President, CEO & Director

Certain information contained in this press release, including information and statements which may contain words such as "could", "plans", "should", "anticipates", "expect", "believe", "will", and similar expressions and statements relating to matters that are not historical facts are forward-looking information. All of the forward-looking information contained in this press release is qualified by this cautionary statement. There can be no assurance that the actual results or developments anticipated by the Company, as expressed or implied by the forward-looking information, will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company or its business operations. The Company disclaims any intention or obligation to update or revise any forward-looking information as a result of new information or future events. Readers should not place undue reliance on forward-looking information.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

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