Manson Creek Closes the Option of the Up Town Gold Project, NWT
Published : August 12, 2013
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Keywords :   Gold | Market |

CALGARY, ALBERTA--(Marketwired - Aug. 12, 2013) - Manson Creek Resources Ltd. ('Manson Creek') (News - Market indicators) is pleased to announce that the option of the Up Town Gold Project by Petro-Occidente Capital Corp., now named North Sur Resources Inc. (TSX VENTURE:SUR) ('SUR') has closed.

Manson Creek has received a $25,000 cash payment and 100,000 common shares of SUR. The 100,000 SUR Shares issued to Manson are subject to a four month hold period which expires December 13, 2013. Manson Creek will receive an additional 100,000 common shares of SUR on or about January 28, 2014 and again on or about January 28, 2015 provided the option remains in effect.

SUR has agreed to assume all of Manson's rights and obligations under the underlying option, including required yearly exploration expenditures (totalling up to an aggregate of $400,000 by 2016) and certain cash payments (totalling up to an aggregate of $250,000 by 2016), required to be made to the vendor, Panarc Resources, to keep the underlying option in good standing for each year that the underlying option remains in effect, other than with respect to certain share issuance, which obligations will be retained by Manson.

If SUR exercises the option to acquire the Up Town Gold property, then for a period of 60 days after such exercise Manson Creek will have a right to earn a 40% interest in the Property (the "Back-in Right") by providing notice of the exercise of such Back-in Right and paying to SUR, in cash, 40% of all cash payments made by SUR, 40% of all exploration expenses incurred by or on behalf of SUR and 40% of the fair market value on the date of issue of all the shares issued to Manson Creek.

Regan Chernish, P. Geol., President and Director

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Manson Creek's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Manson Creek. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Manson Creek's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Manson Creek's filings with the Canadian securities authorities. Accordingly, holders of Manson Creek shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Manson Creek disclaims any responsibility to update these forward-looking statements.



Manson Creek Resources Ltd.
Regan Chernish
1.403.233.0464
www.manson.ca

Manson Creek Resources Ltd.

EXPLORATION STAGE
CODE : MCK.V
ISIN : CA5644491063
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Manson Creek Res. is a silver and gold exploration company based in Canada.

Manson Creek Res. holds various exploration projects in Canada.

Its main exploration properties are VIRGIN ARM, BLACK LAKE, MERIDIAN, CR, CUPRUM and PALOMINO in Canada.

Manson Creek Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 10.0 millions as of today (US$ 7.6 millions, € 6.2 millions).

Its stock quote reached its highest recent level on July 29, 2011 at CA$ 1.80, and its lowest recent point on April 15, 2016 at CA$ 0.01.

Manson Creek Res. has 31 250 000 shares outstanding.

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Financings of Manson Creek Resources Ltd.
4/30/2014Closes Financing
11/2/2012Manson Creek Closes First Tranche in Non-Brokered Financing
11/1/2012Closes First Tranche in Non-Brokered Financing
10/15/2012Manson Creek Announces Non-Brokered Financing
10/15/2012Announces Non-Brokered Financing
5/17/2012Manson Creek Completes $106,000 Non-Brokered Financing
4/17/2012Manson Creek Announces Non-Brokered Financing
Nominations of Manson Creek Resources Ltd.
6/18/2012Manson Creek Appoints Interim Chief Financial Officer
Project news of Manson Creek Resources Ltd.
11/14/2013Provides Exploration Update
8/12/2013Closes the Option of the Up Town Gold Project, NWT
7/24/2013Commences Field Work on Grommet Property in Yukon and Approv...
11/5/2012Manson Creek Reports Exploration Underway on Up Town Gold Pr...
7/25/2012Manson Creek Identifies Large Target Beneath =?ISO-8859-1?Q?...
6/13/2012Manson Creek Reports Exploration Underway on Tell Project in...
4/30/2012Manson Creek Provides Up Town Gold Project Update
1/24/2012Manson Creek Acquires Gold Project Adjacentto 7 Million Ounc...
1/9/2012Manson Creek Secures Diamond Drill For Tell Property in Yuko...
8/22/2011Manson Creek Confirms Mineralized Gossans at the Tell Proper...
8/8/2011Manson Creek Completes Diamond Drilling On Virgin Arm Gold P...
7/25/2011Manson Creek Discovers Three New Gossans on Tell Project, Yu...
7/14/2011Manson Creek Commences Diamond Drilling on its Virgin Arm Go...
7/14/2011(Virgin Arm)Commences Diamond Drilling on its Virgin Arm Gold Project
6/27/2011(Cr)Exploration Underway on Manson Creek's Yukon Project
6/22/2011(Cr)Douglas Bryan, Manson Creek Resources Ltd. Director, Passes ...
5/25/2011Trenching Program Underway on Manson Creek's Virgin Arm Gold...
5/25/2011(Virgin Arm)Trenching Program Underway on Manson Creek's Virgin Arm Gold...
5/5/2011(Virgin Arm)Receives 2011 Exploration Permits and Secures Diamond Drill
5/4/2011Manson Creek Receives 2011 Exploration Permits and Secures D...
Corporate news of Manson Creek Resources Ltd.
7/14/2015Manson Creek Appoints Cornell McDowell as a Director and Pro...
12/22/2014December 12 2014: Manson Creek Terminates Option on Uptown G...
12/22/2014Manson Creek Terminates Option on Uptown Gold Property, NWT
9/22/2014Manson Creek Outlines Large Anomalous Silver-Zinc Intersecti...
8/20/2014Manson Creek Completes Phase 1 Drilling at the Guaman Projec...
7/23/2014Manson Creek Announces Filing of a 43-101 Report on the Guam...
7/14/2014Manson Creek Announces Results of Annual & Special Meeting a...
6/23/2014Manson Creek Completes Phase 1 Program on the Guaman Project...
4/22/2014Manson Creek Resources Ltd.: Completion of Share Consolidati...
4/15/2014Manson Creek Provides a Corporate and Technical Update
1/10/2014Announces Change of Auditor
11/26/2013President and Director Resigns from Manson Creek
3/12/2013Manson Creek Options the Up Town Gold Proj =?ISO-8859-1?Q?ec...
3/12/2013Options the Up Town Gold Project, NWT to Petro-Occidente Cap...
1/22/2013Manson Creek Extends Gold Mineralization at Up Town Gold Pro...
1/22/2013Extends Gold Mineralization at Up Town Gold Project, NWT
9/14/2012Manson Creek Provides Corporate Update
9/14/2012Provides Corporate Update
6/26/2012Manson Creek Finds Widespread High Grade Gold and Silver at ...
5/24/2012Manson Creek Announces Annual Meeting Results
4/16/2012Manson Creek Provides Corporate Update
3/30/2012Manson Creek Extends Warrants
9/7/2011Manson Creek Intersects 5=2E75 g/t Gold Over 1=2E0 Meter at ...
7/19/2011Manson Creek Expands Tell Claim Block, Yukon
7/19/2011Expands Tell Claim Block, Yukon
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