2005 News Releases
Queensland Environmental Protection Agency Gives Approval to Transfer of Ben Lomond Claims from Afmeco to UMVI
TORONTO, ONTARIO, July 20, 2005 – Maple Minerals Corp. (“Maple”) (“MPM”: TSXV) is pleased to announce that in connection with its previously announced agreement (the “UMVI Acquisition”) to acquire 100% of the outstanding common shares of Uranium Minerals Ventures Inc. (“UMVI”), the Queensland Environmental Protection Agency has granted its approval to the transfer of the claims, on which the Ben Lomond deposit is situated, from Afmeco Mining & Exploration Pty Ltd., a subsidiary of Cogema Ltd., to UMVI. The transfer of the claims is now subject to the execution of the transfer by the Mining Minister. It is expected that shortly after the final transfer of the claims, the UMVI Acquisition will close. The TSX Venture Exchange has given conditional approval to the UMVI Acquisition, subject to the above noted transfer of claims.
For further details of the proposed transaction, please see the press release of Maple dated January 25, 2005.
Maple Minerals Corp. is a Toronto based resource company with property interests in Australia, Argentina, Mongolia, Africa and Canada. For more information about Maple, please visit the company’s website at www.mapleminerals.com.
This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Maple’s results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Maple disclaims any intent or obligation to update these forward-looking statements and cautions investors from placing undue reliance on forward-looking statements. Maple does have an ongoing obligation to disclose material information as
it becomes available.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
L.M. (Gino) Falzone