Expedition Corrects Area of Joy Gold Property
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/14/11 -- Expedition Mining Inc. (TSX VENTURE: EXU) (the 'Company') announced that it has discovered an error in previous disclosure relating to the area covered by the Company's Joy Property.
It was previously reported that the 128 claims comprising the Joy Property covered an area of 16 km X 5 km. In fact, the Joy 1-128 claims cover an area of 7.3 km X 3.6 km. The error was contained in a third party report on the Joy Property delivered to the Company and was incorporated into the Company's November 18, 2010 press release announcing that it had entered into an option agreement to acquire the property.
The Company intends to conduct an exploration program on the Joy 1-128 claims in the summer of 2011. The correction will not affect the Company's exploration program on the claims.
Expedition Mining Inc. (TSX VENTURE: EXU) is a publicly held Canadian exploration company focused on acquiring, exploring and developing mineral properties located in favorable geo-political climates. The company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies.
CAUTION REGARDING FORWARD LOOKING STATEMENTS:
This news release contains 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'can', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Expedition Mining to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and potential development of the Joy property, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold. Although Expedition Mining has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Expedition Mining does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
Standard & Poor's Listed
Issued Share Capital: 48,494,068
ON BEHALF OF THE BOARD:
Ronald Atlas, President & Chairman of the Board
Expedition Mining Corp.
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.
Contacts:
Expedition Mining Corp.
William Galine
(604) 662-3903
bgaline@expeditionmining.com
www.expeditionmining.com