Boxxer terminates Gordon Lake Option Agreement with Champlain

CALGARY, Nov. 8, 2011 /CNW/ - Boxxer Gold Corp. (TSXV:BXX)(OTC:BXXRF) ("Boxxer" or the "Corporation") announces that the Earn-In Option Agreement ("Agreement") with Champlain Resources Inc. ("Champlain") on the Gordon Lake gold property in the NWT has been terminated.

Under the terms of the Agreement, Champlain could have earned a 55% interest in the project over a three year period by spending $2,000,000 in exploration expenditures; paying Boxxer $100,000; and issuing 1,250,000 common shares of Champlain. Champlain has not completed the earn-in requirements pursuant to the Agreement, and as a result, the Agreement has been terminated.

About Boxxer Gold Corp.
Boxxer is a Canadian junior resource company focused on the exploration of the Boss and Buena Vista copper projects in the state of Nevada, the DOK copper-gold porphyry property in Northwest B.C., and the East Breccia copper-silver-molybdenum property in Ontario. Boxxer also has the Crescent Peak gold-silver project in Nevada and the Gordon Lake gold project located 110 kilometres north of Yellowknife NWT, Canada.

Neither 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.

Forward-Looking Statements: This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information.  For any forward-looking information given, Management has assumed that the results it has received and the interpretation thereof are reliable, and has applied geological and geophysical interpretation methodologies which are consistent with industry standards. Although Management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements. For such statements, the Corporation claims safe harbour for future releases. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporation's disclosure documents on the SEDAR website at www.sedar.com.  The Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.

SOURCE Boxxer Gold Corp.

For further information:

For more information on Boxxer please visit our website at www.boxxergold.com or contact:

Boxxer Gold Corp Boxxer Gold Corp Boxxer Gold Corp
Colin B. Christensen
Vice-President Corporate Development
Tel: 403-264-4811
Fax: 1-403-237-6292
e-mail: colin@boxxergold.com
John L. Maslanyk
Vice President & Chief Information Officer
Tel: 1-403-804-2251
Toll Free: 1-888-479-3596
e-mail: john@boxxergold.com
Keith Bullen
Investor Relations
Tel: 1-416-350-2794
Fax: 1-416-350-2794
e-mail: kbullen@rogers.com

 

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Boxxer Gold Corp.

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