Worldwide Promotional Management Inc.

Worldwide Promotional Management Inc.

May 30, 2011 09:01 ET

Worldwide Signs Contract to Begin Exploration at Fox Lake VMS Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 30, 2011) -Worldwide Promotional Management Inc. (CNSX:WRL) -

Announcement Highlights:

  • geophysical work to commence immediately

  • program is first ever modern deep penetrating geophysics in the area

  • Mr. Carson Seabolt Appointed to Board of Directors

Worldwide Promotional Management Inc. ("Worldwide") is pleased to announce the company has signed a contract with Discovery International Geophysics Inc. ("Discovery") to commence immediate geophysical exploration of Worldwide's 100% owned Fox Lake VMS Property in Manitoba, Canada.

The initial phase of work includes approximately 45 line-km of Fixed-Loop HT Squid survey. A total of six 800mx800m loops will be set up and powered using a high current Phoenix TXU-30 Transmitter system, delivering up to 40 amp. The combination of such an immensely powerful electromagnetic dipole-moment, along with the sensitivity of the Jessy-Deep HT Squid B-field system, offers a transient electromagnetic (TEM) system with exceptional detection capabilities.

The aim is to detect and fully resolve not only shallow conductors but also explore to unparalleled depth when applying TEM technology.

Preliminary data from the survey will be delivered to Worldwide as the project is ongoing. Final delivery of written interpretation and recommendations outlining prospective drill hole locations will be delivered after field work is complete.

Worldwide's Fox Lake VMS Property consists of ground surrounding the former producing copper and zinc mine known as the Fox Mine. According to the Manitoba Mineral Resources Division, a total of approximately 12 million tons (11,958,183t) grading 1.82% copper and 1.78% zinc was mined from the Fox Mine between 1970-1985. The project is favourably located 45 kilometers south of Lynn Lake. The Fox Lake VMS Property has never been explored through modern deep penetrating geophysics, the aim of the recently initiated Worldwide program.

Worldwide also announces the resignation of Mr. Bradley Kitchen as a Director of the company and would like to thank Mr. Kitchen for his role in the company's development to date.

Mr. Carson Seabolt has been appointed as a director of the company. Mr. Seabolt was formerly employed by a leading private merchant bank focused on the global resource sectors and based in Toronto. Mr. Seabolt has an extensive international network in the mining industry and has used this to source, finance and market multiple projects spanning a wide range of resource sectors. He is currently an officer of Terra Nova Minerals.

Michael Moore, P.Geo., is a qualified person under the meaning of Canadian National Instrument 43-101 and is responsible for the technical content of this news release.

On behalf of the board of directors of:


Joel Dumaresq, Director

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's listing of its common shares on the Canadian National Stock Exchange. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.


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