QUEBEC, Sept. 25 /CNW Telbec/ - TOM EXPLORATION INC. (TSX Venture
Exchange: TUM) (the "Corporation") is pleased to announce that following the
signing of a letter of intent concerning the Oko project in Guyana signed on
May 14 2007, it is now in a position to confirm that it's 100% owned
subsidiary Excel Gold Guyana Inc. ("Excel Gold") has signed a Joint Venture
Agreement ("Agreement") with Harricharran, the legal holder of two medium
scale permits covering an area of 9.35 square kilometers at the junction of
the Oko and Cuyuni Rivers in Guyana. The Agreement is valid for a period of
20 years. These medium scale permits bear the following numbers, H171000 &
Easy to access, the property is situated approximetaly 65 kilometers to
the North West of the city of Bartica at the junction of the Oko and Cuyuni
rivers. A local forest company recently opened many new roads all accross the
property. Other canadian companies are at work in the same region. Since the
mid 1800s, the Oko mountains, situated to the West of the property as well as
the Oko, Cuyuni, Aremu, Ekribisi rivers and their respective banks produced
and are still producing gold from the alluvial deposits. The Oko river crosses
the two claims mentioned above before pouring in the Cuyuni river.
Excel Gold is also in the process of adding another medium scale permit
to the existing Agreement. Harricharran is presently renewing is permit
bearing number H154000 and covering an additional area of 5.1 square
kilometers with the local authorities. This formality should be finalised in a
Harricharran will receive from Excel Gold a 5% royalty on all gold,
precious stones and precious metals mined on the properties.
Excel Gold will shortly start work on these claims in order to produce a
technical report 43101 within the next few months.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release.
Tom Exploration Inc.
For further information:
For further information: Mrs. Eugénie Lise Nolet, (514) 951-7776