Marum makes significant acquisition in Rice Lake Belt - Poundmaker Option


    TSX Venture Trading Symbol "MMU"
    SEC 12g(3) Exemption 82-4100
    Standard & Poor's Corporate Manual Listing

    CALGARY, Feb. 4 /CNW/ - Marum Resources Inc. (TSXV:MMU) ("Marum") is
pleased to announce that it has entered into an option agreement with Wildcat
Exploration Ltd. (TSXV:WEL)("Wildcat") to earn a 100% interest, subject to
Wildcat's right to retain up to a 35% interest, in 72 claims (12,176 ha)
representing a portion of Wildcat's Poundmaker property at the west end of the
Rice Lake Gold belt. Wildcat has announced that it will retain 26 claims
covering 3,398 ha. in the southeast quadrant of the Poundmaker property where
it is currently exploring gold targets.
    The acquisition of the Poundmaker option, together with Marum's 100%
owned Goldridge and Ultra claim groups and the Marum-San Gold Strike point
joint venture, results in extensive coverage of the central and western parts
of the Rice Lake Gold belt, extending from immediately west of San Gold
Corporation's ("San Gold") Rice Lake Mine to the western end of the belt, a
distance of approximately 35 kilometers. A map showing Marum's land holdings
at the West end of the Rice Lake gold belt following the acquisition of the
Wildcat Poundmaker option is available at Marum's website,
    Daniel A. Beauchamp, VP Exploration and a director of Marum, has been
designated at the Qualified Person for the Poundmaker project and has reviewed
this press release. He will immediately undertake a review of Wildcat's
extensive Poundmaker data and will integrate this data with Marum data
covering the Goldridge and Ultra claims to the west and the Strike Point
property to the east. An aggressive gold exploration program is planned for
2008. The Poundmaker property has been explored by Wildcat for several years
and a number of prospective gold environments have been identified, including:
newly recognized fault splays of the Wanipigow fault, iron carbonate
alteration zones in sheared felsic volcanics, iron formations and iron
carbonate alteration zones in sheared felsic volcanics. These prospective
gold-bearing environments are compatible with and complement equally
prospective gold exploration environments on Marum's Goldridge and Ultra
claims immediately to the west, such as: a series of parallel, E-W trending
low-angle faults that could represent expansion or accommodation zones for
fluid borne mineralization and, ultramafic bodies that may be prospective for
gold and other metals.
    The Marum-Wildcat Poundmaker option property contains numerous historical
gold showings. The Poundmaker deposit consists of quartz veins with high-grade
gold. It is not well explored and is open at depth and along strike.
Subsequent exploration by Wildcat discovered the Lady Gold Zone southeast of
the Poundmaker deposit. The property also contains the Clinton shaft and adit
where historical assays have been reported to the Manitoba Government.
    The most significant recent exploration results from the Poundmaker
option property were reported in Wildcat press releases dated and May 23, 2006
and October 20, 2006, available at In 2005, the Rio Gold Zone
was discovered in the northwest part of the Poundmaker property, near the
eastern boundary of Marum's Goldridge claims. Thirteen showings were
discovered within a 2.5 km by 1.5 km area with the Rio, Roderick, Alamo and
Santa Cruz showings returning high gold values. Further work undertaken during
2006 increased the number of gold-bearing prospects in the Rio Gold Zone to
38. Some of these new showings are extensive; for instance, the "Crockett"
occurrence was traced over a strike length of 450 m. The "Alamo" showing,
discovered in 2005, was extended in 2006 over a distance of 500 m adding to a
total strike length of 1300 m in a southwesterly direction. Approximately
110 m southeast of the "Orca" occurrence (discovered in 2005), the "Narwhal"
occurrence, another gold showing discovered in 2006, extends for 220 m
southwest and may represent an extension of the "Orca" showing. The number and
distribution of gold occurrences not only indicates that significant gold
mineralization occurs throughout the Rio Gold Zone but that it may also extend
further to the northeast and southwest. The location of the Rio Gold Zone and
a Rio Gold Zone showings map are available at
    Marum's three year property acquisition program in the Rice Lake Gold
Belt is now complete. Total direct, joint venture and option property holdings
now total 156 claims covering 26,693 ha along the belt.
    The terms of the Marum/Wildcat Poundmaker Option Agreement provide Marum
with the right to earn up to 100% interest in a portion of Wildcat's existing
Poundmaker property. The property under option (the "Property") comprises 72
contiguous claims covering 12,176 hectares of Wildcat's Poundmaker property.
Under the terms of the agreement, Marum receives the option to acquire up to
100% interest in the Property for consideration consisting of cash or, at the
option of Wildcat, cash plus common shares of Marum. $25,000 cash is due to
Wildcat upon execution of the Agreement and 500,000 common shares of Marum
will be issued to Wildcat within 30 days of execution (at a deemed price of
$0.195 per Marum share, being the closing price on February 1, 2008). A
$50,000 cash payment to Wildcat is due on June 30, 2008. Wildcat will annually
elect to receive either $100,000 cash payment or $50,000 cash plus up to
2 million common shares of Marum having an aggregate market value of $100,000
for each year of the five year term of the agreement. In addition, Marum
agrees to incur exploration expenditures of $5 million during the term of the
    The agreement provides that after $4 million has been spent by Marum on
exploration, Wildcat has the option to retain up to a 35% participating
interest or to hold a 2% net smelter royalty in the Property.
    The Marum/Wildcat option agreement (the "Agreement") dated February 1,
2008 is conditional upon obtaining all regulatory approvals required,
including the approval of the TSX Venture Exchange and applicable regulatory
    For further information, Marum's public filings may be reviewed on the
SEDAR website (


For further information:

For further information: Courtney Shearer, President & Director,
Calgary: (403) 668-6432; Arness Cordick, Director Vancouver: (604) 602-1440,
Toll Free: 800-321-8564

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