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Supreme Resources [TSX.V: SPR] has signed an agreement to purchase six claims in British Columbia and has extensive exploration plans for the property.
Supreme Resources [TSX.V: SPR] has signed an agreement to purchase six claims in British Columbia and has extensive exploration plans for the property.
SUPREME RESOURCES LTD
3620 Crouch Avenue
Coquitlam, BC
V3E 3H4
(604) 941 3716
Contact: Allan Levien
aelevien@supremeresourcesltd.com
NEWS RELEASE
March 30, 2010 Trading Symbol: SPR – TSX Venture ExchangeSPRWF – US OTC
SUPREME RESOURCES LTD. (the “Company”) is pleased to announce it has entered into a purchase and sale agreement dated February 28, 2010 with two individuals to purchase six mining claims encompassing 2,125.91 hectares (5,220 acres) located approximately 15 km south of Princeton, British Columbia.
The Company has agreed to issue an aggregate of 125,000 common shares in consideration for 100% of the mining claims. There is no royalty payable. The transaction is at arm’s length. The acquisition is subject to approval of the TSX Venture Exchange.
The claims are underlain by the Nicola Volcanic and Voigt Stockworks. This geology is similar to the nearby Copper Mountain Mining Company property which is slated to start production by June of 2011 at the rate of 35,000 tons per day. This would be the third largest copper mine in Canada, and is expected to produce 100 million pounds of copper plus associated gold and silver credits per year.
The Company is planning an extensive exploration program on this property. Further news will be forthcoming in the near future.
ON BEHALF OF THE BOARD
“Allan Levien”
____________________________
Allan Levien
President
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
This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
