Goldbank Mining Corporation (“Goldbank”)(TSX.V-GLB) is pleased to announce that it is now the registered owner of a 50% interest in 1,008 quartz mineral claims comprising the Leota Gold Project in the Klondike region of the Yukon in connection with the successful completion of its claim for specific performance of its option agreement to acquire 100% of Leota against one of two vendors. 300,000 Goldbank common shares were issued as provided for in the Option Agreement. Goldbank’s legal claim to enforce the Option Agreement providing for Goldbank’s acquisition of the balance of 50% of the Leota project continues against the remaining vendor. The Option Agreement provides for a 3% NSR royalty, half of which can be bought for $500,000 for each 0.5% for a total of $1.5 million.
Goldbank Mining Corporation is a Canadian exploration company actively exploring for gold in the Klondike Goldfields near Dawson City, Yukon, Canada.
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GOLDBANK MINING CORPORATION
PER: “James Boyce” Suite 702 – 889 West Pender Street
Vancouver, BC CANADA V6C 3B2
JAMES BOYCE Telephone: 604.683.3288
President & CEO Toll Free: 1.888.880.2288
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. 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.