Declan Announces Update to Option Agreements
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 4, 2015) - Declan Resources Inc. ("Declan" or the "Company") (TSX VENTURE:LAN) announces that it has reached an agreement with 877384 Alberta Ltd. (the "Optionor") to reduce the exploration expenditures required on the Firebag River Property pursuant to its option amending agreement previously announced September 29, 2014. The option agreement now requires exploration expenditures of $300,000 prior to November 22, 2016. Declan's 43-101 Report for the Firebag River Property has been posted on SEDAR.
As a result of Declan's strategy of concentrating its interest in the Firebag River Property and reducing its financial and administrative costs, Declan has reached an agreement with the Optionor for the Six Pack of Athabasca Basin Properties and Davidson River Property Group in northern Alberta and Saskatchewan to early terminate the option agreements. In doing so, the Optionor releases Declan free and clear of any further prior obligations pursuant to the option agreements previously announced March 31, 2014 and July 28, 2014 respectively.
About Declan Resources Inc.
Declan is a Canadian based uranium exploration company. The Company is focused on the exploration of properties in the Athabasca Basin which hosts some of the largest, high grade uranium deposits in the world.
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.