The TSX Venture Exchange has accepted for filing documentation pursuant to the binding letter of intent dated July 20, 2012, between the company and Pinette Copper Corp. As per terms of the agreement, the company has agreed to acquire all of the issued and outstanding shares of Pinette, a private Vancouver-based mineral exploration company with two exploration properties in Botswana. In consideration, the company will issue 33,809,885 shares at a deemed price of five cents to the shareholders of Pinette and issue a total of 4.08 million shares at a deemed price of five cents to settle existing consulting agreements to two non-arm's-length parties, composed of 2.4 million to Stadnyk Industries Inc. and 1.68 million to Tsafalas Enterprises Inc. Additionally, the company will pay a finder's fee of 1.25 million shares at a deemed price of five cents to an arm's-length party.

Insiders:  Stadnyk Industries Inc. (Dave Stadnyk), 2.4 million; Tsafalas Enterprises Inc. (George Tsafalas), 1.68 million

For further information, please review the company's news release dated Jan. 2, 2013.