Manson to issue vendors shares to suspend cash payments

2008-11-28 11:49 ET - News Release

Mr. Regan Chernish reports

MANSON CREEK CORPORATE UPDATE

Manson Creek Resources Ltd. has entered into agreements with various property vendors that will allow for the preservation of its current capital in these challenging economic times.

Manson Creek and the property vendors for Meridian, Gillman and Molygarchy have temporarily suspended all but $5,000 of the Nov. 30, 2008, cash property payments, in exchange for Manson Creek accelerating future committed share issuances. The vendors will receive the outstanding suspended property payments, on a priority basis, upon the closing of a future significant financing. To satisfy the revised share issuance commitment pursuant to these property agreements, 1.05 million common shares will be issued on Nov. 30, 2008.

We seek Safe Harbor.