Parlane Resource Corp. (TSX VENTURE:PPP) ("Parlane" or the "Company") is pleased
to announce that it has completed the acquisition of an undivided 100% interest
in 31 claims covering approximately 14,366 hectares located in the prolific
Omineca Mining Division of British Columbia, more commonly known as the Big Bear
Project ("Big Bear"). (See press releases of November 29, 2010 and January 5,
2011).


Big Bear is located in central B.C., southwest of Prince George, between two
mineralized systems: New Gold Inc.'s Blackwater and the Capoose properties.
Parlane completed the acquisition which called for cash payments of $600,000 and
the issuance of an aggregate of 1,200,000 common shares and 1,200,000 warrants
to the vendor of the property, and $650,000 of exploration expenditures incurred
over a two-year period.


Earlier in November, the Company commenced a drilling program on five target
areas and expects to complete the planned 1,500 metres of core drilling by the
end of December. Drill results will be announced thereafter.


The Company also announces that an aggregate of 212,000 incentive stock options
have been granted to directors, officers & consultants at an exercise price of
$0.18 per share. The options are exercisable for a period of five years, ending
on December 3, 2017, and are subject to the requirements of the Exchange and the
Company's Stock Option Plan.


ON BEHALF OF THE BOARD

Robert Eadie, President, Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT: 
Parlane Resource Corp.
Robert Eadie
President, Chief Executive Officer and Director
1-604-602-4935
1-604-602-4936 (FAX)
www.parlaneresource.com
Grafico Azioni Prospector Metals (TSXV:PPP)
Storico
Da Nov 2024 a Dic 2024 Clicca qui per i Grafici di Prospector Metals
Grafico Azioni Prospector Metals (TSXV:PPP)
Storico
Da Dic 2023 a Dic 2024 Clicca qui per i Grafici di Prospector Metals