April 25, 2013
METALCORP OPTIONS CLAIMS TO QUETICO
THUNDER BAY, ONTARIO, CANADA (April 25, 2013) - MetalCorp Limited ("MetalCorp" or the "Company") (TSXV - MTC) announces that it has signed and delivered an option agreement with Quetico Exploration & Development Co. Ltd. ("Quetico"), an arms length third party, granting Quetico an option to earn a 100% interest in three claims located approximately midway between Thunder Bay and Kenora in northwestern Ontario. To exercise the option, Quetico must pay MetalCorp $100,000 in instalments - $50,000 in five instalments during 2013, $25,000 by December 31, 2014 and a further $25,000 by December 31, 2015. On completion of the exercise of the option, MetalCorp will retain a 2% net smelter returns royalty on the production of minerals from the property, one half of which royalty may be purchased for $1,000,000.
MetalCorp is a mineral exploration company based in Thunder Bay, Ontario, with gold and base metal projects in the Canadian Shield of Northern Ontario, Canada, one of the most prolific mineral districts in the world. To find out more about MetalCorp visit its website at www.metalcorp.ca.
For further information, please contact: Chris Dougherty, P.Eng., President
Phone: (807) 683-1731, or via email: info(at)metalcorp(dot)ca.
Except for statements of historical fact contained herein, information in this press release may constitute "forward-looking information" within the meaning of Canadian securities laws. Other than statements of historical fact, all statements that involve various known and unknown risks, uncertainties and other factors are "forward-looking statements". There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this news release are cautioned not to place undue reliance on these "forward-looking statements". Except as otherwise required by applicable securities statutes or regulation, MetalCorp expressly disclaims any intention or obligation to update publicly any forward-looking information, whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy, accuracy or contents of this news release.
© 2017 MetalCorp Inc.