St Andrew Goldfields Ltd.
TSX : SAS

St Andrew Goldfields Ltd.

February 17, 2009 09:00 ET

St Andrew Completes Sale of Nixon Fork Alaska Property to Pacific North West Capital Corp.

OAKVILLE, ONTARIO--(Marketwire - Feb. 17, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

St Andrew Goldfields Ltd. (TSX:SAS) ("St Andrew" or the "Company") is pleased to report that Pacific North West Capital Corp. ("PFN") has exercised the option to acquire from the Company all of the outstanding shares of Mystery Creek Resources, Inc. ("MCR"), which owns the Nixon Fork gold property located 56 kilometers northeast of McGrath, Alaska. The sale of the MCR shares to PFN was completed on February 12, 2009, under the terms indicated in the Company's press release of December 18, 2008.

About St Andrew

St Andrew is a gold mining and exploration company with operations in Timmins, Ontario. St Andrew controls a very large land position in the Timmins Mining Camp and an extensive land position at Eskay Creek in northern British Columbia.

Contact Information

  • St Andrew Goldfields Ltd.
    Jacques Perron
    President and CEO
    1-800-463-5139 or (905) 815-9855
    (905) 815-9437 (FAX)
    Email: jperron@standrewgoldfields.com
    or
    St Andrew Goldfields Ltd.
    Ben Au
    CFO and VP Finance & Administration
    1-800-463-5139 or (905) 815-9855
    (905) 815-9437 (FAX)
    Email: bau@standrewgoldfields.com