SOURCE: Secure Runway Systems Corp.

May 18, 2010 11:38 ET

Secure Runway Systems Corp. Signs Letter of Intent for Advanced Stage Gold Project

TORONTO--(Marketwire - May 18, 2010) -  Secure Runway Systems Corp. (PINKSHEETS: SRWY) (Secure or the Company) is pleased to announce that it has signed a letter of intent to purchase a 40% interest in an advanced stage near production gold project in the Silver Mining Mountain District, San Bernadino County, California.

The La Dama de Oro gold property consists of eighteen (18) unpatented mineral claims located along the southwest flank of Sidewinder Mountain, in the Silver Mountain Mining District, 15 miles east-northeast of Victorville, California, USA.

Pursuant to the "Economic and Geological Potential Report" prepared by Donald G. Strachan, Economic Geologist M.Sc. CPG, the La Dama de Oro workings were known as the Mojave Girl from 1892 until 1967. All of the properties were consolidated by the current vendor in 1968 and privately held. Other workings on the Property continue to be known as the Mojave Boy and the Tarantula.

Ore taken from these three mines between 1934 and 1941 was trucked to the Burton Mill in Mojave District, Kern County, California. During this period the mines composing the La Dama de Oro shipped 570 tons of ore to the mill which produced 480.83 oz of gold and 624 oz of silver with an average annual grade over the seven years of 26.04 grams (0.84 oz) per ton gold and 1.30 oz. per ton silver.

Mr. Strachan states in his report, "Underground workings at the La Dama de Oro Mine have penetrated the western margin of a 4.5 foot-thick quartz vein lens. The extent of hanging wall alteration above this lens indicates it may be projected a minimum of 400 feet along strike and 1,000 feet down dip. Past production records indicate a minimum average ore grade of 0.50 opt Au. If 50% of the projected lens at the La Dama de Oro Mine is ore grade, a conservative minimum geologic potential of 36,000 ounces gold contained in 76,000 tons is available."

Mr. Strachan further states, "At least three additional quartz lenses with similar gold potential are projected along the 6,000-foot east-southeast strike of the La Dama de Oro fault-vein system. This premise is supported by the extensional-oblique genesis for this second-order Helendale Fault structure, by known vein occurrences, and by three additional zones of apparent hanging wall hydrothermal alteration. In my opinion, assuming three additional lenses of mineable widths similar to the original La Dama de Oro lens, conservative minimum geologic potential of the La Dama de Oro mine property is 288,000 tons of ore containing 144,000 ounces of gold."

Mr. Minnema, president of SRWY comments, "we are thrilled that our company has negotiated this option to purchase an advance stage gold project. Previous work in the area has been substantial. We believe that the La Dama property hosts a world class gold deposit. Significant funds have already been spent on the property and we are very fortunate to have this opportunity to acquire an interest in this project on such favourable terms to our shareholders. I am very pleased that Secure has been chosen from among a number of interested parties, and Secure appreciates the efforts and flexibility of the vendor for this opportunity. Secure is pleased to be part of the La Dama De Oro mining project and both parties are anticipating production in the near future." 

Mr. Minnema would also like to inform its shareholders that Mr. Minnema, and Mr. Handford, Secure's VP of Mining Operations will be traveling to the La Dama De Oro project early next week as part of Secure's due diligence process.

In accordance with the signed Non binding letter of intent, Secure has already advanced $10,000.00 as an initial fully refundable deposit and shall advance a further refundable deposit of $15,000.00 by May 18, 2010. Subject to Secure's due diligence, which is currently underway, Secure shall receive a 40% interest in the property on payment of $200,000 (inclusive of the deposit) payable within 120 days of the signing of the definitive agreement. Secure shall also pay up to 1 million restricted common shares of Secure, which amount shall be reduced to 500,000 shares if the share price is over .50 on the date of signing the definitive agreement, and shall grant the vendor 1 million options to purchase Secure's common shares at a minimum price of.25 per share (or higher depending on the share price on the date of the signing of the definitive agreement) for a 1 year period. On earning the option, the vendor and Secure shall thereafter enter into a standard form Joint Venture agreement and share all expenses on a pro rata basis. The parties expect the definitive agreement to be signed within 30 days.

About Secure Runway Systems Corp.

Secure Runway Systems is a junior public company creating a diverse range of business ventures which will appeal to a broad audience so the Company will grow together with those different sectors of the economy. The company currently has signed a definitive agreement on their first gold property, "the Hemlo Aura Gold property" in Northern Ontario. This area has hosted some very large gold mines including the 23 million ounce Barrick-Hemlo Gold mine. In addition to exploring for gold, the company is currently investigating other businesses ventures including those in the retail sector. With an advantageous share structure and through the building of a solid management team, the company will endeavour to provide increased shareholder value and at the same time minimizing dilution so as to provide maximum return for our shareholders. We invite current and prospective shareholders to contact us and learn more about our company or visit us at:

Safe Harbour Statement:

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

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