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VANCOUVER, British Columbia, April 20 /PRNewswire-FirstCall/ -- Pacific Booker Minerals, Inc. (NYSE Amex: PBM), (CDNX:BKM.V) has reached a settlement with certain optionors of mineral claims in the Hearne Hill area, which adjoins the Morrison property, who commenced an action against the Company in the British Columbia Supreme Court in April 2006.
Pursuant to the settlement, Pacific Booker Minerals, Inc. will retain the right, title and interest in and to all claims that were the subject of the action, with the exception of Mineral Tenure No. 242812 (the "Hearne 1 Claim") and Mineral Tenure No. 242813 (the "Hearne 2 Claim"), which has been transferred to the plaintiff optionors as follows:
(a) a one-half interest in each of the Hearne 1 Claim and the Hearne 2
Claim has been transferred to David Chapman;
(b) a one-quarter interest in each of the Hearne 1 Claim and the Hearne 2
Claim has been transferred to Frederick Bland; and
(c) a one-quarter interest in each of the Hearne 1 Claim and the Hearne 2
Claim has been transferred to Karen Dionne.
Pursuant to the settlement, no cash payment was made to the plaintiffs and all claims in the action have been dismissed.
Pacific Booker Minerals, Inc. explored the Hearne Hill property between May 1993 and October 1997 and little mineralization of economic significance was determined to be present.
To view information regarding Pacific Booker Minerals, Inc., please visit our website home page and reports section at http://www.pacificbooker.com/.
Contact:
Gregory Anderson,
Director, CEO and President
1-800-747-9911
1-800-234-3680
DATASOURCE: Pacific Booker Minerals, Inc.
CONTACT: Gregory Anderson, Director, CEO and President of Pacific Booker
Minerals, Inc., 1-800-747-9911, or 1-800-234-3680
Web Site: http://www.pacificbooker.com/