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CAT Chimata Gold Corp (delisted)

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Share Name Share Symbol Market Type
Chimata Gold Corp (delisted) TSXV:CAT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Staccato Gold Announces Withdrawal and Consequent Cancellation of Requisitioned Meeting

13/04/2010 2:28pm

Marketwired Canada


Staccato Gold Resources Ltd. (TSX VENTURE:CAT) ("Staccato") is pleased to
announce that it has received written notification from its shareholders, Augen
Capital Corp. and Aumerco Limited, which had earlier requisitioned a meeting of
Staccato's shareholders, confirming that such requisition for a shareholders
meeting has been withdrawn. As a result of the withdrawal of the requisition,
the requisitioned meeting has been cancelled. 


Staccato confirms that it is proceeding with the proposed transaction with
Timberline Resources Corporation ("Timberline") announced on March 23, 2010,
whereby Timberline will acquire, via a plan of arrangement, all of the issued
and outstanding common shares of Staccato by way of a share exchange (the
"Transaction"). 


Staccato is currently preparing a circular for distribution to its
securityholders in respect of a special meeting (the "Meeting") to approve the
Transaction with Timberline. While exact dates remain to be determined, it is
expected that the circular will be mailed to securityholders by the end of
April. The Staccato Board recommends that its securityholders approve the
Transaction at the Meeting, which is currently scheduled to be held on May 21,
2010.


About Staccato Gold Resources Ltd.

Staccato Gold is a well funded junior gold exploration company with resources
and advanced stage exploration assets located exclusively in Nevada. Staccato is
focused on advancing its flagship Lookout Mountain project, located in one of
the dominant gold trends in Nevada. Staccato is listed on the TSX-V and trades
under the symbol "CAT".


Statements in this press release other than purely historical information,
including statements relating to Staccato's future plans and objectives or
expected results, are forward-looking information within the meaning of Canadian
securities laws. Forward-looking information is based on numerous assumptions,
including that equipment and personnel will be available when required, that no
delays are experienced in the planned work programs, that technical issues
identified in the previous resource estimate for the Lookout Mountain project
can be addressed and within the time frame anticipated, and that all necessary
approvals for the planned programs will be obtained in a timely manner.
Forward-looking information is subject to all of the risks and uncertainties
inherent in Staccato's business, including risks inherent in resource
exploration and development. Such risks include, but are not limited to, delay
in obtaining permits and approvals, actual results of exploration activities
differing from those anticipated, failure of equipment, accident, labor disputes
and other risks associated with mineral exploration activities. Although
Staccato has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking information, there may be other factors that cause actions,
events or results to not be as anticipated, estimated or intended. There can be
no assurance that forward-looking information will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Readers are cautioned not to place undue reliance on
forward-looking information due to the inherent uncertainty thereof.


Grant Ewing, President, Chief Executive Officer & Director

Staccato Gold Resources Ltd.

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