Thundermin and Cornerstone Extend Option on the Little Deer Copper Deposit, Newfoundland

Thundermin Resources Inc. (TSX:THR) and 50% joint venture partner Cornerstone Resources Inc. (TSX VENTURE:CGP) announce that they have extended the option with Weyburn Investments Limited to earn a 100% interest in the Little Deer copper deposit located approximately 10 km north of Springdale in north-central Newfoundland.

The press release is quoted as saying:

Under the terms of the agreement with Weyburn, in order to extend the option beyond the third anniversary of the agreement, Thundermin and Cornerstone agreed to pay Weyburn a total of $200,000 ($100,000 each in cash and/or shares at each company’s election) on or before July 12, 2010. Thundermin elected to issue 840,336 shares, at a price of $0.119 per share, and Cornerstone elected to issue 684,932 shares, at a price of $0.146 per share. These payments will maintain the option on the Deposit in good standing until July 12, 2011.

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