TORONTO, Nov. 13 - Hinterland Metals Inc. (TSXV:HMI) is pleased to announce that it has agreed to transfer to Kakanda Resources Corp. (TSXV:KRC) its 50% joint venture interests in the 41-claim Tonka and 112-claim Euro uranium properties for 500,000 treasury shares of Kakanda to be issued subject to and upon regulatory approval. Following completion of this transaction and the recent “Ontco” purchase (Kakanda News Releases dated July 4, 2007 and November 9, 2007) Kakanda will hold a 100% interest in 487 claims (approximately 26,000 hectares) in the Otish Basin Area of Quebec
Kakanda’s mineral claims in the Otish Basin hold potential to host fault-controlled uranium mineralization similar to that discovered at the nearby Matoush Project and also offer potential for classic unconformity-type uranium mineralization similar to the deposits currently mined in Saskatchewan’s Athabasca Basin
Mark Fekete, President of Hinterland states “This deal with Kakanda will expose Hinterland’s shareholders to a much larger exploration play in the Otish Basin than was available under the original Kakanda JV.”
Investors are also invited to visit www.hinterlandmetals.com where they can download the recently posted Hearne property PDF brochure. The Hearne property will be featured at the Manitoba Mining and Minerals Convention in Booth #B-14 to be held in Winnipeg November 15-17, 2007.
Investors are invited to visit the Hinterland IR Hub at www.agoracom.com/IR/Hinterland where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to HMI@agoracom.com where they can also request to be added to the investor e-mail list in order to receive all future press releases and updates in real time.
For more information please contact:
Mark Fekete, President at Toll Free 1-877-874-8182
E-mail: info@hinterlandmetals.com
Website: www.hinterlandmetals.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This release contains forward-looking statements reflecting the Company’s objectives, estimates and expectations for its projects. These statements are identified by the use of verbs such as "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", and the negative thereof or other variations thereon or comparable terminology. By their very nature, these types of statements involve risk and uncertainty. Consequently, results could differ materially from the Company’s projections or expectations.
