VAL D'OR, QUEBEC--(Marketwire - Feb. 22, 2011) - Hinterland Metals Inc. (News - Market indicator) is pleased to announce that it has acquired a new property in the White Gold district of Yukon by staking 31 claims (642ha) on the northwest side of Thistle Mountain approximately 100km south of Dawson City. The claims are adjacent to the south boundary of Kinross's White Gold property and occupy the height of land between Kirkman and Blueberry Creeks, both of which have active seasonal placer gold operations. No previous exploration work is documented within the area of the new claims. Hinterland now holds 100% of five properties in the White Gold area covering approximately 6,564 hectares. The TM property will be included in the assets to be spun out to Stakeholder Gold Corp. by a plan of arrangement described in a press release issued by Hinterland on February 1, 2011.
"The TM property is not very large compared to most properties in the White River district but it is well positioned and sometimes valuable things come in small packages," states Mark Fekete, P.Geo., President, CEO and the designated "qualified person" as defined in Section 1.2 in and for the purposes of National Instrument 43-101 responsible for the technical content of this release.
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Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential mineralization) are forward-looking statements; this includes the completion of the spin off. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, changes in world gold markets or markets for other commodities, the inability of the Company to complete the spin off on the terms and conditions disclosed above, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.
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