Option Agreement To Acquire Two Large BC Properties


VANCOUVER - Goldplay Mining Inc. has signed an option agreement with Cazador Resources Ltd. for two properties known as "Big Frank" and "Nuit Mountain". The projects are located in the western Chilcotin District of southwestern British Columbia and have district scale potential for both high-grade epithermal gold and copper-gold porphyry deposits.

Catalin Kilofliski, President & CEO, said, "We are very excited about today's announcement. Through this transaction, Goldplay has a unique opportunity to capitalize on the earlier work completed on the Properties and the potential to develop and control district scale projects and become a significant gold and copper-gold explorer in B.C. Given the encouraging historical results, an exploration crew has already been mobilized and intends to begin the initial work program.”

Both the Nuit Mountain and Big Frank Properties exhibit widespread alteration, high-grade gold and copper-gold mineralization, and favorable geology trending over 8-20 km. They are both relatively underexplored and have seen no systematic or modern exploration within the last few decades whilst glacial retreat continues to make new exposures in the case of Big Frank. Previous exploration programs have discovered significant copper and gold values and recommended further work. The Company and Cazador recognize the potential for district scale mineralization in the area.