Franconia Minerals Corp.

Published : March 25th, 2010

Options Land Parcels For Birch Lake

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Keywords :   Copper | Nickel | Palladium | Platinum | Storage |
Franconia Minerals Corp. News Release
Thursday, March 25, 2010
 
 
TSX: FRA

Franconia Minerals Options Land Parcels For Birch Lake

March 25, 2010 Spokane, Washington: Franconia Minerals Corporation ("Franconia") (TSX: FRA) is pleased to announce that it has signed option agreements with two parties holding a total of 1,495 acres within the Superior National Forest of northern Minnesota. These arrangements are being made to provide Franconia with the flexibility of having a "land bank" that can be used in a potential "land swap" to optimize surface rights within and near the Birch Lake copper-nickel-platinum-palladium resource property. Birch Lake is one of three properties that make up Franconia's holdings in the Duluth Complex.

One option covering a total of 1,365 acres is exercisable in part from time to time as to each contiguous parcel (a group of surveyed lots or 40 acre parcels) at any time before March 31, 2013. The exercise price is to be determined by appraisal at the time of exercise. $25,000 was payable on signing the option, and there are additional option payments of $35,000 on March 31, 2011 and $45,000 on March 31, 2012. The option payments are fully creditable to the purchase price.

The second option, covering 130 acres, is exercisable only in its entirety and is also for three years. Payments for the option ($2,400 on signing and $3,300 on the first anniversary of the agreement and $4,300 on the second anniversary) are also fully creditable to the purchase price.

About Franconia Minerals Corporation (TSX: FRA): Franconia is currently focused on the development of the Birch Lake copper-nickel-platinum-palladium property. Franconia also holds - but has no current plans to advance -- the Maturi and Spruce Road deposits in the highly prospective Duluth complex in northeastern Minnesota. The most recently updated NI 43-101 report estimates an underground Indicated Resource of 131.2 million tonnes, plus an Inferred Resource of 37.5 million tonnes for the Birch Lake deposit (see news release dated September 23, 2009). Underground mining at Birch Lake would minimize the surface impact of the operation. Also, storage of mine wastes underground would further minimize the surface impact. Additional resources held by Franconia in the Duluth Complex include Inferred Resources at the Maturi deposit (see news release of September 6, 2006) and at the Spruce Road deposit (see news release of December 3, 2007). Independent reports prepared to NI 43-101 standards by Scott Wilson RPA are available at www.SEDAR.com and www.franconiaminerals.com.

In the US: Douglas Sherk: 415 896 6820
dsherk@evcgroup.com

In Toronto: Greg Taylor: O: 905 337 7673 / M: 416 605-5120
gtaylor@franconiaminerals.com

In Vancouver: Farah Alibhai: 604 731 7340
info@franconiaminerals.com


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

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� 2010, Franconia Minerals Corp., All Rights Reserved.

Franconia Minerals Corp.

CODE : FRA.TO
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Franconia Min. is a exploration company based in United states of america.

Franconia Min. is listed in Canada and in United States of America. Its market capitalisation is CA$ 75.6 millions as of today (US$ 77.9 millions, € 56.1 millions).

Its stock quote reached its highest recent level on February 01, 2008 at CA$ 1.95, and its lowest recent point on March 06, 2009 at CA$ 0.10.

Franconia Min. has 86 954 000 shares outstanding.

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In the News and Medias of Franconia Minerals Corp.
7/5/2008Duluth Complex: A World-Class Value Play
Annual reports of Franconia Minerals Corp.
2006 Annual report
2007 Annual report
Project news of Franconia Minerals Corp.
5/12/2010(Birch Lake)Intercepts 124 Feet Of 0.67% Copper And 0.17% Nickel At Dulu...
5/4/2010(Birch Lake)Increases Ownership at Birch Lake to 70%
3/25/2010(Birch Lake)Options Land Parcels For Birch Lake
3/3/2010(Birch Lake)Begins New Drill Program At Its Birch Lake Project, Duluth ...
9/23/2009Announces 21% Increase In NI 43-101 Indicated Resource At Bi...
2/9/2009(Birch Lake)Summarizes Results Following Drilling & Bulk Sample Collecti...
1/15/2009(Birch Lake)Receives Final Loan And Grant Payments From The State Of Min...
8/25/2008(Birch Lake)Files Technical Report Supporting Latest Ni 43-101 Resource ...
7/9/2008(Birch Lake)Franconia Doubles NI 43-101 Resource Estimate On Birch Lake ...
6/20/2008(Birch Lake)Earns 60% Interest In Birch Lake Project
6/2/2008(Birch Lake)Second Drill Turning at Birch Lake
3/26/2008(Red Knoll)Launches New Drill Program at Red Knoll Copper Project, Ariz...
1/16/2008(Birch Lake) Intersects "Longest & Strongest" Mineralization To Date At ...
1/14/2008(Birch Lake)Reports "No Change in Water Quality" from Birch Lake Copper-...
Corporate news of Franconia Minerals Corp.
3/3/2011Shareholders Approve Arrangement With Duluth Metals
2/22/2011Announces that Institutional Shareholder Services and Glass ...
3/25/2008Adopts Shareholder Rights Plan
3/25/2008 Adopts Shareholder Rights Plan
3/24/2008 To Present At John Tumazos Very Independent Research, LLC M...
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