P2 Gold Leases Lost Cabin Property In South Central Oregon

VANCOUVER - P2 Gold Inc. has signed a mineral lease and option agreement with La Cuesta International, Inc. to lease a 100% interest in the Lost Cabin Property located in south central Oregon. The Lost Cabin Property consists of 106 unpatented lode mining claims that cover an area of over 2,190 acres, located in Lake County, Oregon.  The property is located along a major-northwest-trending structural lineament and hydrothermal alteration associated with silicic volcanism.

La Cuesta has permitted 18 well-located drill sites at Lost Cabin with the U.S. Bureau of Land Management.  The Company plans to further refine the drill targets by initiating a systematic exploration program consisting of airborne and ground geophysical studies, further prospecting as well as additional geochemical sampling and geologic mapping.