QUEBEC, Nov. 6 /CNW Telbec/ - Tom Exploration inc. (TSX Venture
Exchange : TUM) is pleased to announce that its wholly-owned subsidiary Excel
Gold Guyana inc. ("Excel Gold"), has concluded an agreement with Kareem Hamaid
Warrina ("Warrina") in order to purchase the rights for six prospecting
permits, located in the Rupununi Mining District in Guyana. The mining sector
is well known locally under the name of Frenchman area.
The six medium-sized properties are located on the bank of the Essequibo
River and are identified by the following numbers: GS8:0-15/000, GS8:0-15/003,
GS8:0-20/000, GS8:0-18/000, GS8-0-18/002 and GS8:118/003. These properties
cover an approximate surface of five thousand five hundred and twenty-two
(5 522) acres.
Warrina agrees to sell and transfer all its rights, title and interest to
Excel Gold for an amount of $90,000 US in equivalent Guyana dollars. Warrina
will receive $50,000US cash at the execution of the agreement and
400 000 common shares from Tom Exploration inc.
The property is easily accessible by a well-kept road and is only at six
hour drive from the Georgetown capital.
This agreement is subject to the approval of the appropriate authorities.
The TSX Venture Exchange has no responsibility regarding the adequacy or
accuracy of this press release.
Tom Exploration Inc.
For further information:
For further information: Daniel Pauzé, (514) 951-7776; Eugénie Lise
Nolet, (514) 513-4979