Southampton Announces Initial Share Issuance under Option Agreement with Noront Resources Ltd.
TORONTO, ONTARIO--(Marketwire - Feb. 1, 2008) - Southampton Ventures Inc. (TSX VENTURE:SV) ("Southampton") announces that it has issued 266,667 common shares to Noront Resources Ltd. ("Noront") pursuant to their previously announced option agreement (the "Agreement"). The common shares represent the initial payment due under the Agreement toward the earning by Southampton of a 50% interest in 12 claim blocks (covering a total of 168 units or approximately 6,720 acres) in the "Ring of Fire", McFauld's Lake, Ontario, approximately 25 km. northeast of Noront's Eagle One discovery.
The common shares are subject to a four-month hold period which will expire on June 1, 2008.
ABOUT SOUTHAMPTON
Southampton is a mineral exploration company focused on the acquisition, exploration and development of properties for the mining of nickel, molybdenum, uranium and other minerals, through its 95% ownership of the Horden Lake Copper-Nickel Deposit in Quebec, its option to earn up to a 100% interest in the Devonian shale hosted nickel-molybdenum-zinc-platinum group elements property known as the NiMo Project located in the Yukon and its Nigerien uranium concessions.
For further information please visit Southampton at www.southamptonventures.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
For more information, please contact
Southampton Ventures Inc.
Mr. Richard Patricio
Corporate Secretary
(416) 941-1071
Email: richardpatricio@southamptonventures.com
or
Southampton Ventures Inc.
Ms. Julie Lassonde-Gray
VP Corporate Development
(604) 697-6254
Email: lassondegray@southamptonventures.com
Website: www.southamptonventures.com
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