Whitemud Resources Announces Loan from Directors and Senior Officers



    
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/
    

    CALGARY, May 26 /CNW/ - Whitemud Resources Inc. ("Whitemud" or the
"Company") (WMK - TSXV) announces subject to any required regulatory approvals
or requirements, the directors and senior officers (the "Insiders") of
Whitemud have agreed to provide Whitemud with a loan of $430,000, secured
against the assets of Whitemud, carrying an interest rate of 4.25% per annum
for a term of two (2) months. The Insiders currently own 19.5% of the common
shares of the Company. The loan proceeds will be used by Whitemud for working
capital purposes.

    About Whitemud Resources

    Whitemud Resources Inc. (www.whitemudresources.com) is a Canadian-based
corporation that is exploiting a large kaolin deposit in southern
Saskatchewan. The Company produces Whitemud(MK), a high-reactivity,
cement-grade metakaolin that enhances the performance of cement used in
construction and in oil and gas wells. The Company is positioned to benefit
from expanding North American infrastructure needs and growing environmental
pressures.

    
    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 Information

    This press release may contain forward-looking statements which may
include estimates, plans, expectations, opinions, forecasts, projections,
guidance or other statements that are not statements of fact. Although the
Company believes that the expectations reflected in such forward-looking
statements are reasonable, it cannot give any assurance that such expectations
will prove to be correct. Results of Whitemud including its ability to achieve
the plant facility's design capacity, deliver commercial shipments of product
and the success of the solutions made to remedy equipment failures may be
affected by a variety of variables and risks associated with the mining and
mineral processing industry such as, loss of market, competition, ability to
access sufficient debt and equity capital from internal and external sources,
ability to expand in the marketplace, exploration and development plans and
results, anticipated capital expenditures and financing thereof, timing of
applications and approvals. As such the future plans and objectives of
Whitemud are forward-looking statements that involve risks and uncertainties
and may be based on assumptions that could cause actual results to differ
materially from those anticipated or implied in such statements. The Company's
forward-looking statements are expressly qualified in their entirety by this
cautionary statement. Unless otherwise required by applicable securities laws,
the Company does not intend nor does it undertake any obligation to update or
review any forward-looking statements to reflect subsequent information ,
events, results or circumstances or otherwise.
    For further information on Whitemud, go to www.whitemudresources.com

    For email alerts regarding Whitemud Resources, please go to Whitemud
Resources Inc. - Email Alerts





For further information:

For further information: Burl Aycock, Chairman & CEO, Whitemud
Resources, Telephone: (403) 695-1012; Ron Love, Vice President, Finance and
CFO, Whitemud Resources, Telephone: (403) 517-0040; Kelly Babichuk, President
and COO, Whitemud Resources, Telephone: (403) 517-0040; Kevin Graham, Vice
President, Communications, Whitemud Resources, Telephone: (403) 517-0040

Organization Profile

WHITEMUD RESOURCES INC.

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