TORONTO, ONTARIO, Jan. 15, 2010 (Marketwire) -- Crown Minerals Inc. ("Crown" or the "Company") (TSX VENTURE:CWM) is pleased to announce that it has entered into an agreement dated December 18, 2009 between Crown and Pierre C. Robert, Yvan Denis Veronneau and Steve Anderson to acquire a 100% interest in three (3) unpatented gold exploration claims (covering 14 claim units) in Yeo and Chester Townships near Timmins, Ontario, subject to TSX Venture Exchange approval.
Crown has agreed to pay $15,000 in cash and issue 150,000 shares to the vendors. The vendors will retain a 2% net smelter returns royalty, one half of which can be purchased for $1,000,000.
Crown is exploring for gold and base metals in both Ontario and Nevada. For more information please see the Crown website at www.crownmin.com.
This release was prepared by management of the Company who take full responsibility for its contents.
Forward Looking Information: This news release may contain or refer to forward-looking information. All information other than statements of historical fact that address activities, events or developments that Crown Minerals believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond Crown Minerals' ability to control or predict that may cause actual events or results to differ materially from those discussed in such forward-looking statements. Any forward-looking statement, speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Crown Minerals disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Crown Minerals believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be placed on these forward-looking statements due to the inherent uncertainty therein.
The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.