WPR

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

White Pine Resources Inc. (TSX VENTURE:WPR) (the "Company") announces that it
has received the consent of the TSX Venture Exchange (the "TSXV") to extend the
term of its Series 2008-II and Series 2009-I warrants to December 23, 2011 and
January 26, 2012, respectively.


An aggregate of 4,275,000 Series 2008-II warrants were originally issued in
December 2008 and exercisable at $0.35 per share until 5:00 p.m. (Toronto time)
on December 23, 2010. An aggregate of 2,000,000 Series 2009-I warrants were
originally issued on January 26, 2009 and exercisable at $0.35 per share until
5:00 p.m. (Toronto time) on January 26, 2011. 


The exercise price for both series of warrants will remain the same.

The Company also wishes to announce that in connection with its previously
announced letter of intent to acquire an option to earn up to a 100% interest in
each of the Money and Tender properties, as originally press released on
November 23, 2010, the Company will pay a finder's fee in connection with such
property acquisition consisting of 150,000 common shares of the Company. The
finder's fee and property acquisition remain subject to the approval of the TSX
Venture Exchange, and all other terms of the acquisition remain the same as
previously announced.


In addition, the Company also announces that it has granted an aggregate of
700,000 stock options to officers and directors of the Company, each such stock
option entitling the holder to acquire one common share of the Company at an
exercise price of $0.36 until November 25, 2015.


About White Pine Resources Inc.

White Pine Resources Inc. is a Canadian based mineral exploration Company
primarily focused on the exploration and development of mineral deposits in
Canada.


Forward Looking Statements - Certain information set forth in this news release
may contain forward-looking statements that involve substantial known and
unknown risks and uncertainties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the control of
WPR, including, but not limited to the impact of general economic conditions,
industry conditions, volatility of commodity prices, risks associated with the
uncertainty of resource estimates, currency fluctuations, dependence upon
regulatory approvals, dependence upon the execution of a definitive agreement,
the availability of financing and exploration risk. Readers are cautioned that
the assumptions used in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements.


Shares Outstanding: 23,342,659

Grafico Azioni White Pine Resources Inc. (TSXV:WPR)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni White Pine Resources Inc. (TSXV:WPR)
Storico
Da Giu 2023 a Giu 2024