SOURCE: Triton Distribution Systems, Inc.

Triton Distribution Systems, Inc.

March 04, 2011 08:00 ET

Triton's Joint Venture Mining Project in Nevada Acquires an Additional Mine

TIBURON, CA--(Marketwire - March 4, 2011) - Triton's (PINKSHEETS: TTDZ) Management wishes to inform all shareholders that "Green Earth Partners LLC" acquired an additional lease of a mine near Reno, Nevada.

The terms of the lease are similar to the previously announced mining project also in Nevada. The length of the lease is 5 years with an option of an additional 5 years and an additional option to purchase the mine in 12 months at a pre-agreed price.

All documents concerning the acquisition were fully executed and all registrations of the claims, lease and agreements are being registered with the State of Nevada.

The size of the land where the mine is located is 40 acres and it is estimated to produce US $140 Million. This is in addition to the previously announced Nevada project that is estimated to produce US $800 Million.

The Company wishes to inform shareholders that additional progress news will be released in the very near future. 

FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. The company's operations and business prospects are always subject to risk and uncertainties.

Contact Information

  • Contact:

    Triton Distribution Systems, Inc.
    Gregory Lykiardopoulos
    CEO
    415-381-4806