SOURCE: Stonebridge Resources Exploration Ltd.

February 22, 2010 10:47 ET

Stonebridge Resources Explorations Ltd. Nearing Agreement With Quebec-Based Gold Mining Company

RENO, NV--(Marketwire - February 22, 2010) - Resources Explorations Ltd. (PINKSHEETS: SRCX) (FRANKFURT: S3C1) reports that its ongoing negotiations with companies with gold mining interests in Southern and Northern Quebec, Canada are nearing conclusion.

Over the past six weeks Stonebridge has been meeting with several Quebec Mining companies with a dominant presence in those areas, particularly in the Beauce Region in Southern Quebec along the Gilbert River. "We fully expect to have an agreement solidified in the very near future," stated Stonebridge company president, Sidney Lederman.

About Stonebridge

Stonebridge Resources Explorations, Ltd. is primarily engaged in the acquisition and development of mining explorations with focus on precious metals and minerals and other viable opportunities throughout the United States, Canada and South America. Our mission is to create shareholder value by achieving growth through robust acquisition and exploration programs, joint ventures and low-cost production development and commercialization.

Forward-Looking Statements

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward- looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward- looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact Information

  • Contact:
    Stonebridge Resources Explorations Ltd.
    Mr.Sidney Lederman