Monster Mining Enters into Option Agreement on its Keno-Lightning, Yukon Property
Monster Mining Corp.
V.MAN: TSX-V
Monster Mining Enters into Option Agreement on its Keno-Lightning, Yukon Property
Vancouver, British Columbia... Monster Mining Corp. (the "Company" or "Monster Mining") is pleased to announce that it has entered into an option agreement with Midnight Sun Mining Corp. (TSX V: MMA) ("Midnight Sun") granting Midnight Sun the option to acquire a 20% interest in Monster's Keno-Lightning silver property in central Yukon (the "Keno-Lightning Property"). In order to exercise the option, Midnight Sun must incur a total of $7,500,000 of exploration expenditures on the Keno-Lightning Property over the next two years, as follows:
the sum of $200,000 no later than December 31, 2011 (the "Anniversary Date");
an additional $1,000,000 on or before 30 days following the Anniversary Date or January 31, 2012; and
an additional $1,575,000 on or before each six month period following the Anniversary Date, and no later than December 31, 2013.
If Midnight Sun does not incur the aggregate exploration expenditures of $7,500,000, it will have earned no interest in the Keno-Lightning Property.
ON BEHALF OF THE BOARD
Signed "Robert Eadie"
Robert Eadie,
President, Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-602-4935
Facsimile: 1-604-602-4936
Website: www.monstermining.com
Contact: Robert Eadie
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.
Copyright © 2011 MONSTER MINING CORP. (MMC) All rights reserved. For more information visit our website at http://www.monstermining.com/ or send email to info@monstermining.com .
