Marshall Lake - Norton-McFaulds & Shebandowan Properties

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Message: New JV Partner - WHITE TIGER MINING CORP

New JV Partner - WHITE TIGER MINING CORP

posted on Mar 04, 2009 11:15AM

New player in the ROF

WHITE TIGER MINING CORP (WTC-H.V)

http://www.whitetigermining.com/

Cascadia Enters Into Agreement to Sell Norton Lake Property

To: WHITE TIGER MINING CORP

Thu Feb 5, 10:00 AM

CALGARY, ALBERTA--(Marketwire - Feb. 5, 2009) - Cascadia International Resources Inc. ("Cascadia") (TSX VENTURE: CJ.V) is pleased to announce that it has entered into a Joint Venture Assignment Agreement (the "Agreement") with White Tiger Mining Corp. ("White Tiger") to acquire all of Cascadia's interests in the Norton Lake Property and associated assets (the "Property").

As consideration for the sale of the Property, White Tiger will pay to Cascadia $300,000 (Canadian funds) upon which:

Cascadia has agreed to assign its 51% joint venture interest in the Property to White Tiger.

East West Resources Corp. and Trillium North Minerals own the remainder of the working interest on the property.

The Norton Lake Project is an Archean aged Gabbro ultramafic intrusion located 130 miles north of Armstrong, Ontario, Canada (northeast of the CNR rail line and Hwy 527). The 164 claim unit project is staked for 20 miles (32 km) along strike. )



Cascadia wishes White Tiger success in its future exploration plans in the Norton Lake area.

News Update: February 23, 2009 – White Tiger Mining Corp. (the “Company” or “White Tiger”) announces that, subject to regulatory approval, it intends to proceed with a non-brokered private placement (the “Private Placement”) to raise up to $1,064,000 by the issuance of 1,400,000 flow through units (the “FT Units”)at $0.40 per FT Unit and 1,400,000 non-flow through units (the “Non FT Units”) at $0.36 per Non FT Unit.



The proceeds for this Private Placement will be used for the acquisition and furthering the exploration and development of the Norton Lake property (as referred to in the Company’s news release dated February 5, 2009) and for general working capital purposes.

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