Citadel Gold Mines Inc. announces its intention to terminate option on Sudbury base metal property

About this update from Omai Gold Mines Corp.

[{"type":"text","content":"\n\n\n\n/NOT FOR RELEASE OR DISSEMINATION INTO THE UNITED STATES/\n\n\nTORONTO, Nov. 19 /CNW/ - CITADEL GOLD MINES INC. (CGM.H: NEX Exchange).\n\n\nCitadel Gold Mines Inc. (the "Company") announces that its board of\ndirectors has approved sending a notice of termination to Trelawney Resources\nInc. (TRR-TSXV) ("Trelawney") terminating the Company's obligations under the\noption agreement between the Company and Trelawney with respect to the Massey\nproperty, located near Elliott Lake, Ontario, about 100 km west of Sudbury.\n\n\nThe Company has previously disclosed that airborne survey results on the\nMassey property provided no indication of any large shallow or deep conductive\nbody on the property. Accordingly, the Company has determined not to proceed\nto further develop the Massey property, and has sent notice of its termination\nof the option to Trelawney pursuant to the terms of the option agreement.\n\n\nThe Company continues to explore other opportunities.\n\n\nThe NEX Exchange has neither approved nor disapproved of the information\ncontained herein. The statements used in this press release may contain\nforward-looking statements, and are based on the opinions and estimates of\nmanagement, or on opinions and estimates provided to, and accepted by,\nmanagement. These opinions and estimates include those that relate to\ngeological and mining factors, commodity prices, and marketing parameters used\nby management, and speak only as of the date of this press release.\nForward-looking statements are subject to a variety of risks and uncertainties\nand other factors that could cause actual events or results to differ,\npossibly significantly. Although the Company believes that its expectations\nreflected in these forward-looking statements are reasonable, such statements\ninvolve risks and uncertainties and no assurance can be given that actual\nevents or results will be consistent with these forward-looking statements.\nExcept as required by law, the Company does not undertake, and specifically\ndisclaims, any obligation to update or revise any forward-looking information,\nwhether as a result of new information, future developments or otherwise.\nReaders are therefore cautioned not to place undue reliance on any\nforward-looking statements.\n\n\n%SEDAR: 00004216E\n\n\n","length":2410,"tagName":"div"}]

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