Clarity Enterprises Limited Announces Indirect Acquisition of 27,142,857 Common Shares of Whetstone Minerals Ltd.

/Not for distribution to U.S. newswire services or for dissemination in the United States./

ST. HELIER, Jersey, Sept. 15, 2011 /CNW/ - Further to disclosure requirements of applicable securities laws, Clarity Enterprises Limited ("CEL"), announces that Duration Gold Limited ("Duration"), a company controlled by CEL, has acquired 27,142,857 common shares ("Whetstone Shares") of Whetstone Minerals Ltd. ("Whetstone") at a deemed price of U.S.$0.175 per Whetstone Share as consideration for the sale to Whetstone of the issued and outstanding class A share of DGL Investments Number Five Mauritius ("DGL") owned by Duration pursuant to a share purchase agreement with Whetstone.  The 27,142,857 Whetstone Shares acquired by Duration represent approximately 18.3% of the outstanding Whetstone Shares.

Immediately following Duration's acquisition of the 27,142,857 Whetstone Shares described above, CEL owned and controlled 12,910,449 Whetstone Shares and controlled 72,142,857 Whetstone Shares which are owned by Duration. The 85,053,306 Whetstone Shares owned and controlled by CEL represent approximately 57.3% of the outstanding Whetstone Shares, based on there being 148,452,032 Whetstone Shares issued and outstanding.

CEL acquired the 27,142,857 Whetstone Shares through Duration for investment purposes.  CEL may in the future take such actions in respect of its holdings as it may deem appropriate in light of the circumstances then existing, including the purchase of additional common shares or other securities of Whetstone through open market purchases or privately negotiated transactions, or the sale of all or a portion of its holdings in the open market or in privately negotiated transactions to one or more purchasers.


SOURCE Clarity Enterprises Limited

For further information:

A copy of CEL's related early warning report filed with the applicable securities commissions and further information may be obtained by contacting Peter J. Band, a representative of Pinnacle Trustees Limited, at: Telephone: +44 1534 280111 and Facsimile: +44 1534 280099.

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Clarity Enterprises Limited

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