Touchdown Capital Inc.

October 22, 2009 04:00 ET

Touchdown Capital Options BC Gold Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 22, 2009) - Touchdown Capital Inc. (TSX VENTURE:TDW) (the "Company") is pleased to announce that it has entered into an Agreement of Purchase and Sale (the "Agreement") with an Arm's Length Party (the "Arm's Length Party") to purchase a 100% interest, subject to a 2% NSR Royalty, on 15 mineral claims totalling 5916.3362 hectares located in the Caribou Mining Division in the Province of British Columbia (the "Property").

The fifteen claim blocks lie northwest of, and contiguous to the International Wayside Gold Mines Ltd.'s (WYG.V) "Bonanza Ledge" property in the Barkerville Gold District. The properties are situated on the same trend as Wells and Barkerville Mineral Belt, which is the same belt the Bonanza Ledge is located on. There are numerous logging roads throughout the fifteen claim blocks for ease of access.

Recent drilling activity in the Barkerville area by International Wayside has returned spectacular gold values over long intercepts, including 84.4 meters (277 feet) of 16.5 g/tonne (0.481 oz/ton) gold and 37.5 meters 123.1 feet) of 36.1 g/tonne (1.052 oz/ton) gold.

Pursuant to the terms of the Agreement, the Company is obligated to make staged cash payments totalling $60,000 and the issuance of 1,200,000 common shares to the Arm's Length Party, subject to regulatory approval.

On Behalf of the Board,

Touchdown Capital Inc.

Richard Macey, President

This news release has been prepared on behalf of the Touchdown Capital Inc. Board of Directors, which accepts full responsibility for its contents. The contents of this release have been reviewed and approved by Marvin Mitchell, a qualified person as defined by National Instrument 43-101.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Contact Information

  • Touchdown Capital Inc.
    Richard Macey
    (604) 669-0401