Tres-or Announces Property Option Agreement to Acquire Balance of the Fontana Gold Project in Quebec
April 17, 2012
TRES-OR ANNOUNCES PROPERTY OPTION AGREEMENT TO ACQUIRE BALANCE OF THE FONTANA GOLD PROJECT IN QUEBEC
Tres-Or Resources Ltd. (“Tres-Or” or the “Company”) (TSX Venture: TRS) is pleased to announce that it has entered into a property option agreement with Merrex Gold Inc. (MXI: TSX.V) (“Merrex”), wherein Tres-Or has been granted the option to acquire Merrex’s 25% interest in 16 mineral claims in Duverny Township, Quebec forming part of the Fontana Gold Project.
In order to exercise the option, Tres-Or has paid to Merrex a total of $150,000 and will make staged payments of $350,000 over the next 12 months to complete the acquisition. Tres-Or had previously acquired an option over the other 75% interest in the claims from Globex Mining Enterprises Inc., as detailed in a news release of Tres-Or dated November 15, 2011.
On behalf of the Board of Directors,
“Laura Lee Duffett”
Laura Lee Duffett President and CEO Contact: Laura Lee Duffett, Ph: 604 541-8376 Dominic Spedaliere, Ph: 604-688-8700 Email: [email protected] Website: www.tres-or.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.
About Tres-Or Resources Ltd.:
Tres-Or Resources Ltd. (TSX Venture: TRS) is a Canadian resource company exploring gold and precious metals projects and diamond assets in Ontario and Quebec. The experienced team has proven success in exploration through to discovery and mine development. Additional information related to the Company is available at: www.tres-or.com .
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