Welcome To The Currie Rose Resources Inc. HUB On AGORACOM

Aggressively Exploring for Gold in Tanzania

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Currie Rose Resources Inc. Profile

Currie Rose Resources Inc. is a gold exploration company listed on the Toronto Venture Exchange under the symbol CUI-V and Frankfurt Exchange CDV. The main focus is the Company's gold exploration projects in The Lake Victoria Gold Fields in Tanzania.

The Tanzania properties consist of four projects; Mabale, Nyamirembe, Jubilee Reef and Sekenke. The Company has entered into a joint venture with Australian-based Liontown Resources Limited (ASX:LTR) on the Jubilee Reef project.

Sudbury, Ontario, Canada

Joint Venture with Trueclaim

Currie Rose Resources Inc. entered into an option agreement on the Scadding property located 17 miles east of Sudbury, Ont., with MPE, a private company, which in turn assigned its interest to Trueclaim Exploration Inc., listed on the TSX Venture Exchange.

In order to acquire a 51-per-cent interest in the Scadding gold property, Trueclaim is required to maintain the Scadding gold property in good standing, spend an aggregate of $2-million on the Scadding gold property over a period of three years and issue aggregate of 450,000 common shares in the capital of Trueclaim to Currie Rose, in equal instalments of 150,000 shares over a period of three years, and pay $110,000 to Currie Rose on closing. Trueclaim will be the operator of the project during the period of the option.

Trueclaim can increase its interest in the Scadding gold property from 51 per cent to 100 per cent upon commencement of a mine production plan by paying an aggregate of $2-million to Currie Rose and a 3-per-cent net smelter return royalty.

Last changed at 25-Jan-2011 11:34AM by Ahlan