Ms. Akiko Levinson reports
IRVING RESOURCES REPORTS A LETTER OF INTENT WITH SUMITOMO CORPORATION
Irving Resources Inc. has signed a letter of intent with Sumitomo Corp. to engage in discussions concerning potential business transactions, including, but not limited to, investment in Irving and joint venture of Irving's assets. Such discussions are inclusive of Newmont Goldcorp Corp., an existing large shareholder of Irving. The letter is non-binding. Proposed discussions might or might not result in a binding agreement, and any binding agreement reached between the parties will be promptly announced.
"Sumitomo Corp. and Newmont Goldcorp Corp. have established a long-term working relationship having advanced a number of mining projects beginning with the Batu Hijau mine, Indonesia, approximately 23 years ago," commented Akiko Levinson, president and director of Irving. "We are very excited to have an open door to discuss ways Sumitomo Corp. might join Newmont Goldcorp Corp. to support Irving's efforts to explore for gold in Japan."
About Irving Resources Inc.
Irving is a junior exploration company with a focus on gold in Japan.
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