Upper Canyon Minerals Corp.

Upper Canyon Minerals Corp.

May 07, 2008 04:00 ET

Upper Canyon Minerals Corp.: Acquired 100% Interest in the Brosnor Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 7, 2008) - Upper Canyon Minerals Corp. (the "Company") (TSX VENTURE:UCM) is pleased to announce that pursuant to the Option and Purchase Agreement (the "Option Agreement"), with Explorations GYG Ltee. ("GYG"), the Company has acquired 100% interest in 18 mining claims comprising the Brosnor Property situated in the Louvicourt Township, Quebec, Canada by issuing 1.2 million common shares of the Company to GYG and cash payments totaling $500,000. Accordingly, the Company has complied with the terms of the Option Agreement.

The Company has completed the 3,500 metre definition drilling program on the Brosnor Property. The prime objective of the program was to define the Adelemont ore zone and test the southwest down-depth extension as well as drilling three short holes (approximately 1,000 metres) on the Bermont zone. The Bermont zone is located some 500 metres to the south-west of the Adelemont ore zone. A decline of approximately 670 metres long to a depth of 200 metres was completed in 1985 and 1986 into the Adelemont body. Results of the drill program are pending.

Upper Canyon Minerals Corp. is a growth oriented mineral-exploration resource company trading on the TSX Venture Exchange (Symbol:UCM). The objective of the Company is to enhance its value via high mineralization resource properties with a goal of advancing them into commercial production. The Company is currently exploring two properties: the Josefina Silver and Base Metals Project, located in the Huarochiri Province of Lima, Peru, which comprises 5600 hectares and includes the past producing Josefina Silver and Base Metals mine and the Brosnor Gold property located near Val d'Or, Abitibi, in Quebec, Canada. The Brosnor property hosts gold bearing structures, striking east-west, in which quartz-pyrite-tourmaline veins, concentrated in more competent rock units carry gold values in various amounts. The most important structure identified to date hosts two main gold zones, namely the Adelemont and Norcourt zones.



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