Canterra Minerals Corporation (TSX VENTURE:CTM) (formerly Diamondex Resources
Ltd.) ("Canterra") and Shore Gold Inc. (TSX:SGF) ("Shore") are pleased to
announce that they have purchased, each as to 50%, the joint venture interest of
Burnstone Ventures Inc. (formerly Pure Diamonds Exploration Inc.) ("Burnstone")
in the Buffalo Hills project in north central Alberta under a purchase and sale
agreement between Canterra, Shore and Burnstone. As consideration for
Burnstone's interest, Canterra and Shore each paid $75,000 in cash to Burnstone,
and Burnstone was granted a 1% royalty interest in the Buffalo Hills project.
The Buffalo Hills project is presently a joint venture with Canterra, Shore,
EnCana Corporation ("EnCana") and Burnstone. As a result of the sale, Canterra
and Shore each hold a 28.5% interest in the Buffalo Hills project, and EnCana
holds the remaining 43% interest. The sale was subject to a 30-day right of
first refusal in favour of EnCana, which was waived, as well as the receipt of
EnCana's consent to the transaction, which was obtained.


CANTERRA MINERALS CORPORATION

Randy C. Turner, President

SHORE GOLD INC.

Harvey J. Bay, Chief Financial Officer and Chief Operating Officer

Canterra Minerals (TSXV:CTM)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Canterra Minerals Charts.
Canterra Minerals (TSXV:CTM)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Canterra Minerals Charts.