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Polo & Los Frayles Concessions Optioned
Vancouver, British Columbia (ots/PRNewswire) - Ross River Minerals Inc. (TSX-V: RRM) (the "Company") is pleased to announce that its Mexican subsidiary, Minera Rio Ross S.A. de C.V. ("MRR") has signed an option to purchase 100% of the right, title and interest in the Polo and Los Frayles concessions totaling 200 hectares, which are located within the outer boundary of its Mexican El Pulpo project. The total consideration is US$130,000 of which US$16,000 was paid on signing of the agreement. MRR will pay to the Mexican owners US$1,000 per month with the balance due on April 23, 2006. The owners will retain a 1% NSR royalty which can be purchased by MRR for US$300,000.
In addition 1,200 tonnes of material per month may be extracted from the concessions provided the extraction does not interfere with the exploration of the concessions by MRR. Upon the exercise of the option to acquire the concessions this right shall cease to exist.
To find out more about Ross River Minerals Inc. (TSX-V: RRM) visit our website at www.rossriverminerals.com.
ROSS RIVER MINERALS INC.
Per: "Marcus Foster"
Marcus N. Foster, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or the adequacy of this release.
ots Originaltext: Ross River Minerals Inc
Im Internet recherchierbar: http://www.presseportal.ch
For further information: ROSS RIVER MINERALS INC., No. 1004 - 750
West Pender Street, Vancouver, BC, V6C 2T7, Telephone:
+1-604-682-2770, Facsimile: +1-604-682-2331