Brascan Announces Agreement to Acquire REE Claims - Seite 2

About the Company
The Company is a gold exploration issuer based in Vancouver, BC. The Company holds options over the Middle Arm Fault, Black Cat, Birchy Lake and Mountain Pond properties, located in the Baie Verte region of the North of Newfoundland and the Miguel’s Lake property, located in central Newfoundland. The Company also holds an option over the Alegre project in Pará state in northeastern Brazil.

For more information, investors should review the Company’s filings that are available at www.sedar.com.

Contact Information
Balbir Johal
Director and CEO
Telephone: [phone]
Email: [e-mail]

References:
Ontario Geological Society, 2006. Hudson Bay and James Bay Lowlands Region Interpreted from Aeromagnetic Data. South Sheet, Map P3599 Revised, 1:500,000.

Sage, R.P., 1987. Geology of Carbonatite – Alkalic Rock Complexes in Ontario: James Bay Lowlands. 62 p.

Forward-Looking Statements
This news release contains certain forward-looking statements that are “forward looking information” within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the Agreement and the obligations thereunder, the closing of the Transaction, the transfer of the Claims, mineralization at the Claims, the Company’s expansion into battery metals and the Company’s plan to begin exploration are "forward-looking information". These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.