Tam O’Shanter Property Optioned
July 9, 2015: Kettle River Resources Ltd. (KRR-V) the (“Company”) is pleased to announce an Option Agreement on the Tam O’Shanter property between the Company and Golden Dawn Minerals Inc. (“Golden Dawn”) has been signed.
The Tam O’Shanter property is located west of Greenwood, BC in the historic Greenwood Mining District. The terms of the agreement allow Golden Dawn to earn a 100-per-cent interest by making cash payments for a total of $150,000 within 120 days of TSX approval. The property is subject to a three-per-cent net smelter return (NSR) royalty retained by the Company and gives Golden Dawn the right to purchase two per-cent of the NSR for
Kettle River maintains significant property holdings located east of Greenwood historically known as the Phoenix Mine, BC Mine, the Oro Denoro property group, and Bluebell group. All have had past production and the subject of exploration programs during the thirty years of ownership.
The agreement is subject to the TSX Venture Exchange approval.
ON BEHALF OF THE BOARD
President and Chief Executive Officer
For further information contact Ellen Clements 1-800-856-3966
Caution Regarding Forward-Looking Statements -- This news release may contain certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include unsuccessful exploration results, changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf.
“Neither the 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 or accuracy of this release.”