Euro-Net Investments signs letter of intent with Canadian Copper Core

TORONTO, April 18 /CNW/ - Euro-Net Investments Ltd. ("Euro-Net"), is pleased to announce that it has entered into a letter of intent with Canadian Copper Core Inc. ("CCC"), a private company, whereby the parties will agree to enter into a business combination (the "Business Combination") subject to several terms and conditions being met.

Under the Letter of Intent, Canadian Copper Core Inc., including all of its mining assets, will be merged into the combined business. As a condition of completion of the Business Combination, Euro-Net Investments Ltd. will take all appropriate measures to lift cease trade orders imposed by the Ontario Securities Commission, the Alberta Securities Commission, and the British Columbia Securities Commission currently in effect, and will apply for listing of the combined company on a recognized Canadian stock exchange.

The Business Combination will be subject to board and shareholder approval by both companies, and regulatory approval. Once the parties have successfully completed their due diligence they will enter into a definitive agreement, at which time a further press release will confirm specific details of the Business Combination.

Canadian Copper Core Inc. owns or has optioned four lithium and rare earth mineral properties in northern Ontario. CCC has also loaned funds to Euro-Net on an ongoing basis pursuant to a Security Agreement between the two companies dated October 15, 2008.

This press release contains certain "forward looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

SOURCE Euro-Net Investments Ltd.

For further information:

Reginald Groome

Tel:       416-544-3442
Fax:      519-672-0773

Profil de l'entreprise

Euro-Net Investments Ltd.

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Canadian Copper Core Inc.

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