Symbol: COC: TSX Venture Exchange Inc.

TORONTO, Feb. 1 /CNW/ - China Opportunity Inc. (the "Corporation") announced today that it has elected not to proceed with its non-brokered private placement announced December 23, 2010. 

About the Corporation

China Opportunity Inc. (TSXV:COC) is focused on pursuing exploration and development opportunities within the mining sector.  The Corporation holds an option to earn up to a 50% interest (which may be increased to 70% in certain circumstances) in the McCart nickel exploration property, located in northeastern Ontario.

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.

Caution Concerning Forward-Looking Information

This news release contains forward-looking statements that are based on the Corporation's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding the Corporation's plans with respect to pursuing acquisition opportunities within the mining exploration sector. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements.  Factors that may cause actual results to vary materially include, but are not limited to, the Corporation's financial resources and the availability of financing alternatives, changes in general economic conditions or conditions in the financial markets, the availability of suitable exploration properties, the speculative nature of mineral exploration, development and mining (including with respect to size, grade and recoverability of mineral reserves and resources), fluctuations in mineral prices and currency exchange rates and unanticipated operational or technical difficulties.  Such forward looking information is based on a number of assumptions, including but not limited to, the availability of financing, no significant decline in existing general business and economic conditions, and the level and volatility of mineral prices.  Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Corporation disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

SOURCE China Opportunity Inc.

For further information:

China Opportunity Inc.
Sol Bierbrier
Phone: (514) 932-2797

Profil de l'entreprise

China Opportunity Inc.

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