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

- July 14th, 2010

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.

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.

Click here to access the entire press release

Click here to access Thundermin Resources Inc. Corporate Site

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