Trueclaim Exploration Inc. Options Sandeb Property (Red Lake Area) to Silver Shield Resources Corp.
Published : March 01, 2011

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Keywords :   London | Market | Market Conditions | Silver |

LONDON, ONTARIO--(Marketwire - March 1, 2011) - Trueclaim Exploration Inc. (News - Market indicators)(OTCQX:TRMNF) is pleased to announce that, subject to regulatory approval, its wholly-owned subsidiary, Trueclaim Resources Inc. ("Trueclaim"), has entered into an option agreement (the "Agreement") with Silver Shield Resources Corp. (TSX VENTURE:SSR) ("Silver Shield") whereby Silver Shield can acquire a 100% working interest in Trueclaim's Sandeb Property (the "Property"). The Property consists of 6 unpatented mineral claims containing 96 mineral claim units encompassing an area of approximately 3,840 acres within the Dixie Lake area approximately 24 kms southeast of the town of Red Lake in the Red Lake Mining Division in northwestern Ontario. To exercise the option, Silver Shield must pay an aggregate of 500,000 common shares of Silver Shield to Trueclaim on or before the second anniversary of the Effective Date of the Agreement and incur cumulative expenditures of not less than $300,000 on the Property before the third anniversary of the Effective Date of the Agreement. Trueclaim will retain a 2% net smelter return royalty.

Mr. John Carter, President of Trueclaim Exploration Inc., noted, "This agreement will provide the shareholders of Trueclaim with opportunities to benefit from the exploration of the Sandeb Property while enabling Trueclaim to focus its resources on its Scadding Project near Sudbury, Ontario."

We seek safe harbour.

John Carter, President

Forward Looking Statements

This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others, those concerning the proposed option agreement. All statements in this news release, other than statements of historical facts, which address future production, reserve potential, exploration activities, financing plans, objectives or goals, and events or developments that the Company expects, are forwardlooking statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding its ability to complete its exploration and development work as expected. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company's continued development work, technical, safety or regulatory issues, market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Actual results or developments may differ materially from those projected in the forwardlooking statements. Such risks include expectations that may be raised by discussing potential mine types and by comparing the Company's projects to other projects. Also, in order to proceed with the Company's exploration and acquisition plans, additional funding is necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate the Company's plans. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

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 news release.

For more information, please contact

Trueclaim Exploration Inc.
John Carter
519-913-8008
1-888-686-1405 (FAX)
www.trueclaim.ca

Trueclaim Exploration Inc.

EXPLORATION STAGE
CODE : TRM.V
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Trueclaim is a gold exploration company based in Canada.

Its main exploration properties are SANDEB PROPERTY and EAST WANAPITEI (SCADDING PROPERTY) in Canada.

Trueclaim is listed in Canada. Its market capitalisation is CA$ 2.1 millions as of today (US$ 1.6 millions, € 1.4 millions).

Its stock quote reached its highest recent level on January 15, 2010 at CA$ 2.54, and its lowest recent point on April 22, 2016 at CA$ 0.01.

Trueclaim has 21 305 588 shares outstanding.

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Financings of Trueclaim Exploration Inc.
6/25/2011Announces Non-Brokered Private Placement to Raise up to $1,0...
4/15/2011Announces Non-Brokered Private Placement to Raise Up to $800...
Option Grants of Trueclaim Exploration Inc.
5/24/2011Stock Option Grants
Project news of Trueclaim Exploration Inc.
3/1/2011(Sandeb Property)Options Sandeb Property (Red Lake Area) to Silver Shield Res...
Corporate news of Trueclaim Exploration Inc.
7/19/2011is Pleased to Announce the Latest Results From Its Delineati...
7/8/2011Announces Completion of a $770,000 Non-Brokered Private Plac...
6/15/2011Appointment of Investor Relations Consultant
6/2/2011Announces Significant Copper Mineralization at Arizona Silve...
5/16/2011Intersects 9.44 Metres of 2.54 g/t Au at the Scadding Gold P...
5/3/2011Intersects 1.5 Metres of 94.5g/t Au at the Scadding Gold Pro...
4/26/2011Intersects 10.0 Metres of 3.5 g/t Au at the Scadding Gold Pr...
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