|Trading Symbol:TSXV: BMC|
|Shares Outstanding: 150,898,545|
HALIFAX, April 30, 2012 /CNW/ - Buchans Minerals Corporation (TSXV: BMC) ("Buchans Minerals" or the "Company") announces that it has notified SG Spirit Gold Inc. (SG-TSX-V) that the Company has terminated the amended and restated definitive agreement dated March 28, 2012 with respect to the sale by Buchans Minerals of 100% of the Buchans property, Tulks North property and Tulks Hill joint venture interest that was previously announced in the news release dated March 29, 2012.
About Buchans Minerals:
Buchans Minerals is an Atlantic Canada based resource company that has been focused on exploring and developing base metal properties in the historic Buchans mining camp in central Newfoundland, Canada and its Woodstock manganese property located near the town of Woodstock in New Brunswick, Canada.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release, and no securities regulatory authority has either approved or disapproved of the contents of this release.
For further information:
Buchans Minerals Corporation.
Warren MacLeod, President & CEO
Ph: (902) 472-3520
Windsor, Nova Scotia