TORONTO, Aug. 15, 2011 /PRNewswire/ - Bryn Resources Inc.
(PINK: BRYN) (PINKSHEETS: BRYN.PK) is pleased to announce that
it has entered into an agreement (the "Agreement") pursuant to the
terms of which Trueclaim Exploration Inc. (TSXV:TRM) (OTCQX: TRMNF)
(Trueclaim) will provide geological services in respect of
mineral exploration properties held by Bryn Resources Inc.
("Bryn"). Trueclaim will commence work on Bryn's property
this month with a view to providing a Preliminary Property
Assessment Report in preparation for the eventual delivery of a
NI43-101 compliant report. This preliminary property
assessment (to be completed this year) will include:
1) Evaluation of the resource potential of the subject mineral
claims
2) Preparation of preliminary assessments
3) Review of geological data supplied by the Bryn
4) Provide overview of regional properties
5) Provide recommended exploration programs and a budget with the
view to completing a NI43-101 compliant report.
About Trueclaim Exploration Inc.
Trueclaim Exploration Inc. is a mineral exploration company
listed on the TSX-Venture Exchange and the OTCQX. Trueclaim is
engaged in the acquisition and development of precious and base
metals properties in strategically located areas, currently within
Ontario and Arizona, The company's mission is to
continuously seek out and develop precious metals properties with
near term production potential that can provide the Company with a
growing positive cash flow. To maximize all business opportunities
through intelligent planning and consistent execution of the
Company's strategies so that they result in generating the highest
possible financial returns to all shareholders.
About Bryn Resources Inc.
Bryn Resources is a precious metals exploration company
currently concentrating its efforts in eastern Canada. Bryn
presently holds a 100% working interest in the Renfrew Property
situated in Hants County, Nova
Scotia comprised of 62 Claims covering approximately 2,480
acres, as well as a 100% working interest in the Wine Harbour
property located in Wine Harbour, Nova
Scotia comprised of 53 mineral claims covering approximately
2,100 acres. The Wine Harbour claims have historically demonstrated
their mineralization and in the period between 1862 and 1939 are
reported to have produced 42,726 ounces of gold from 83,000 tons of
ore, for an average content of 0.52 ounces per ton.
This press release contains forward-looking statements that
reflect the Company's current expectation regarding future events.
Actual events could differ materially and substantially from those
projected herein and depend on a number of factors. Certain
statements in this release, and other written or oral statements
made by Bryn Resources Inc. are "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. You should not
place undue reliance on forward-looking statements since they
involve known and unknown risks, uncertainties and other factors,
which are, in some cases, beyond the Company's control and which
could, and likely will, materially affect actual results, levels of
activity, performance or achievements. The Company assumes no
obligation to publicly update or revise these forward-looking
statements for any reason, or to update the reasons actual results
could differ materially from those anticipated in these
forward-looking statements, even if new information becomes
available in the future. Important factors that could cause actual
results to differ materially from the company's expectations
include, but are not limited to, those factors that are disclosed
under the heading "Risk Factors" and elsewhere in documents filed
by the company from time to time with the United States Securities
and Exchange Commission and other regulatory authorities.
SOURCE Bryn Resources