Virginia Silver Property optionor Mega Silver Inc. completes major transaction and listing

About this update from Endurance Gold Corporation

[{"type":"text","content":"\n\n\n\nVANCOUVER, Jan. 31 /CNW Telbec/ - Endurance Gold Corporation (EDG -\nTSX.V) is pleased to announce that Mega Silver Inc. (MSR-V) has completed its\nmajor transaction and listing, and will commence the planning and\nimplementation of an exploration program on the Virginia Silver Property,\nlocated in the Smithers region of northwestern British Columbia. Under the\nterms of the agreement, dated September 14, 2007, Mega Silver has an option to\nacquire a 75% interest in the Virginia Silver and surrounding Annie claims\n(collectively the "Virginia Silver Property"), comprising 10 claims totaling\n3,041 hectares. To earn its interest, Mega Silver must make $350,000 in cash\npayments to Endurance and incur an aggregate of CDN$3.0 million in\nexpenditures (or make commensurate cash payments to Endurance) on or before\nAugust 07, 2009. Of those totals, cash payments totaling CDN$100,000 and a\nminimum of CDN$250,000 in exploration expenditures are required on and by the\nfirst anniversary date of the option agreement.\n\n\nENDURANCE GOLD CORPORATION\n\n\nPer: "Duncan McIvor"\n President and Chief Executive Officer\n\n\nThe TSX Venture Exchange or any other regulatory authority has not\n\n\nreviewed, and does not accept responsibility for, the adequacy or\n\n\naccuracy of this news release.\n\n\n","length":1431,"tagName":"div"}]

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