Northern Abitibi Mining Corp.

Northern Abitibi Mining Corp.

July 09, 2013 15:58 ET

Northern Abitibi Enters Into an Agreement to Sell Its Interest in the Sarah Lake Nickel Property, Newfoundland

CALGARY, ALBERTA--(Marketwired - July 9, 2013) - Northern Abitibi Mining Corp. ("Abitibi") (TSX VENTURE:NAI) is pleased to announce that it has reached an agreement with Commander Resources Ltd. ("Commander") and Donner Metals Ltd. ("Donner") wherein Commander will acquire Donner and Abitibi's 100% interest in Mineral License #17714M in Labrador, subject to Exchange approval. This Claim License adjoins and lies immediately to the west of Commander's Sarah Lake nickel property located 90 km south of the Voisey's Bay Nickel Mine. Commander has agreed to purchase their claim in exchange for 100,000 shares of Commander to each of Donner and Abitibi. Following completion of the sale, any Joint Venture Agreement between Donner and Abitibi will be terminated and Commander will hold a 100% interest in the property.

Upon completion of this acquisition, Commander will hold 100% title to 5,050 ha of contiguous property in the South Voisey's area. Commander previously announced (see news release dated May 17, 2013) the purchase of Donner's interest in 3,550 ha that had been held jointly by Commander and Donner. Commander also holds 100% interest in four other claim blocks totalling 1,000 ha located to the east and south of the property.

Shane Ebert, President/Director

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Northern Abitibi's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Northern Abitibi. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Northern Abitibi's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Northern Abitibi's filings with the Canadian securities authorities. Accordingly, holders of Northern Abitibi shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Northern Abitibi disclaims any responsibility to update these forward-looking statements.

Contact Information

  • Northern Abitibi Mining Corp.
    Shane Ebert

    Northern Abitibi Mining Corp.
    Jean Pierre Jutras