Invenio sells Kings Canyon Project
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TSX Venture Exchange: IVO May 23, 2012
Invenio sells Kings Canyon Project
Invenio Resources Corp. (“Invenio” or the “Company”) is pleased to announce that it has sold its share of the Kings Canyon Project (the “Project”) located in Utah.
Further to Invenio’s news release dated February 9, 2012 in which Invenio announced that it had restructured a 2006 option agreement between Invenio and Palladon Ventures Ltd. (“Palladon”) on the Project, Invenio and Palladon have closed a transaction giving Geomark Exploration Ltd. control over 100% of the Project. Geomark has paid each of Invenio and Palladon $162,500 and assumed the existing option Invenio had with Crown Resources Ltd. (an indirect, wholly owned subsidiary of Kinross Gold Corporation) and acquired a 100% interest in claims surrounding the Crown Resources land.
About Invenio Resources Corp.
Invenio Resources Corp is a Canadian based exploration company focused on gold exploration with its common shares listed on the TSX Venture Exchange and trade under the symbol IVO. Invenio has an interest in three gold properties, Ganes Creek, and Candle Hills in Alaska, and Green Springs located in Nevada. Ganes Creek has the potential to host both high grade lode style gold mineralization and lower grade bulk mineable mineralization similar to that found at the 42 million ounce Donlin Creek gold deposit and at Candle Hills gold mineralization is potentially plutonic hosted stockwork and fault-filled vein style. The Green Springs project is a former past producer with historically reported head grades of 2 g/t gold.
For additional information please visit the Company’s website at HUwww.invenioresources.com. You may also email [email protected] or call investor relations at 604-687-1779
ON BEHALF OF THE BOARD OF DIRECTORS OF INVENIO RESOURCES CORP.
Ken Booth, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward–looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.