Upper Canada Gold Provides Update on Planned Acquisition of Pine Tree-Josephine Property in Mariposa, California
NOT FOR DISSEMINATION TO U.S. NEWS WIRE SERVICES
Toronto, Ontario CANADA, October 12, 2012 /FSC/ - Upper Canada Gold Corporation (UCC - TSX Venture),
Further to Upper Canada Gold Corporation's ("Upper Canada" or "the Company") (TSXV: UCC) news release of January 26, 2012, the Company announces that it has agreed with the Vendor of the Pine Tree-Josephine Property to extend the closing date to such date as may be designated by Upper Canada up until April 16, 2013. This represents a three month extension to the closing date. The Company has paid the Vendor USD$40,000 in exchange for this extension. All other terms of the acquisition remain unaffected.
Terms in this news release that are capitalized, unless otherwise defined in this news release, have the meanings given to such terms in the Company's January 26, 2012 news release.
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.
FOR FURTHER INFORMATION CONTACT:
Michael Churchill - President
Tel: 647-977-9267 x101
Website: www.uppercanadagold.com
Cautionary Note Regarding Forward Looking Statements:
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding the completion of the acquisition of the Property by the Company, potential mineralization, resources and expansion of resources, recoveries, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with mine permitting, metallurgy, development, construction and mining operations, the uncertainty of the determination of mineable ounces of gold , or the future profitability of the Company's projects.
To view this press release as a web page, click onto the link below:
http://www.usetdas.com/pr/uppercanada12102012.htm
Source: Upper Canada Gold Corporation (TSX-V: UCC) http://www.uppercanadagold.com
Maximum News Dissemination by FSCwire. http://www.fscwire.com