Shares Issued 43,502,201
TORONTO, Nov. 13 /CNW/ - Hinterland Metals Inc. (TSXV:HMI) is pleased to
announce that it has agreed to transfer to Kakanda Resources Corp. (TSXV:KRC)
its 50% joint venture interests in the 41-claim Tonka and 112-claim Euro
uranium properties for 500,000 treasury shares of Kakanda to be issued subject
to and upon regulatory approval. Following completion of this transaction and
the recent "Ontco" purchase (Kakanda News Releases dated July 4, 2007 and
November 9, 2007) Kakanda will hold a 100% interest in 487 claims
(approximately 26,000 hectares) in the Otish Basin Area of Quebec.
Kakanda's mineral claims in the Otish Basin hold potential to host
fault-controlled uranium mineralization similar to that discovered at the
nearby Matoush Project and also offer potential for classic unconformity-type
uranium mineralization similar to the deposits currently mined in
Saskatchewan's Athabasca Basin.
Mark Fekete, President of Hinterland states "This deal with Kakanda will
expose Hinterland's shareholders to a much larger exploration play in the
Otish Basin than was available under the original Kakanda JV."
Investors are also invited to visit www.hinterlandmetals.com where they
can download the recently posted Hearne property PDF brochure. The Hearne
property will be featured at the Manitoba Mining and Minerals Convention in
Booth No. B-14 to be held in Winnipeg November 15-17, 2007.
Investors are invited to visit the Hinterland IR Hub at
www.agoracom.com/IR/Hinterland where they can post questions and receive
answers or review questions and answers already posted by other investors.
Alternatively, investors are able to e-mail all questions and correspondence
to HMI@agoracom.com where they can also request to be added to the investor
e-mail list in order to receive all future press releases and updates in real
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. This release contains forward-looking statements
reflecting the Company's objectives, estimates and expectations for its
projects. These statements are identified by the use of verbs such as
"estimate", "believe", "anticipate", "intend", "expect", "plan", "may",
"should", "will", and the negative thereof or other variations thereon or
comparable terminology. By their very nature, these types of statements
involve risk and uncertainty. Consequently, results could differ materially
from the Company's projections or expectations.
For further information:
For further information: Mark Fekete, President at Toll Free
1-877-874-8182, E-mail: firstname.lastname@example.org, Website: