Oct. 25, 2010 (TheNewswire.ca) --
SUPREME RESOURCES LTD. (the "Company" or "Supreme") is pleased to announce that it has acquired two crown granted mineral claims known as the St. George and St. Lawrence Property, located in the Similkameen Mining District. These claims were acquired from R. & J. Sparrow Enterprises Ltd. for $5,000 cash and the issuance of 25,000 shares.
These latest acquisitions are adjacent to the mineral claims announced in a news release dated October 6, 2010. The St. Lawrence Claim was staked in 1900 by Charles L. Law and Associates, and all the early work was done on both the St. Lawrence Claim and the nearby St. George Claim, consisting of two shafts, an adit, and open cuts. The St. George Claim was explored by C. Law and the Similkameen Mining and Smelting Company between 1903 and 1913. A total of 27 tonnes were mined by C. Law in 1916, grading 34 grams per tonne gold, 533 grams per tonne silver and 0.394% copper (Minister of Mines Annual Report 1960, Page 51).
Supreme now controls the majority of the properties that comprised the historical Law's Mining Camp situated on the west side of Lawless Creek and about three miles from the Tulameen River which was famous for its placer gold and platinum production. This area is one of the few places in the world that placer platinum occurs, although the source of the platinum has never been discovered. An exploration program is being planned with further news to be announced in the near future.
In other developments the Company is currently diamond drilling the ‘TAS" Project located adjacent to the Copper Mountain Mining Company which is slated to commence production in June 2011.
ON BEHALF OF THE BOARD
Per: "Allan Levien"
Allan Levien
President and Chief Executive Officer
Contact: Allan Levien, CEO/PresidentTel: 604-941-3716aelevien@supremeresourcesltd.com
About Supreme Resources Ltd.:
Supreme Resources Ltd. (SPR - TSX.V) is a junior exploration company with advanced base and precious metals projects located in producing mining districts of British Columbia, Canada. Supreme Resources' goal is to increase shareholder value by developing exploration projects that have the potential of becoming new discoveries.
Website: www.supremeresourcesltd.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this press release other than purely historical factual information, including statements relating to revenues or profits, or the Company's future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, the Company expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein. This news release does not constitute an offer to sell, or a solicitation of an offer to buy any of the Company's securities set out herein in the United States, or to, or for the benefit or account of, a U.S. Person or person in the United States.
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