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EXU

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:EXU 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 -

Expedition Mining Inc.: 2012 Exploration Summary

20/12/2012 8:23pm

Marketwired Canada


Expedition Mining Inc. (TSX VENTURE:EXU) (the "Company") wishes to provide this
update and summary of results on the 2012 exploration programs carried out on
the Company's Nevada and Yukon projects.


In September and October a program of mapping and rock chip sampling was carried
out on the recently acquired Black Hills, Jenny Hill and the Slate Mountain
projects in Nevada. Grab samples collected during the initial prospecting of the
area showed gold associated with quartz veining. Gold values of up to 8.5g/t
over 1.5m were returned from the Black Hills property and 3.09g/t over 1.5m from
the Jenny Hill property during the recent program.


A soil geochemical survey was initiated over the three projects in November, and
is anticipated to be complete by January 2013. The Black Hills portion of the
survey will be complete by the time of the Christmas break. All analyses are
being carried out by ALS Chemex in Reno, Nevada.


The Long Canyon Project was recently added to the Company's portfolio of Nevada
gold projects and an initial program of mapping, rock chip sampling and a soil
geochemical survey are planned for January 2013.


The 2012 work program on the Joy and Mt. Mervyn was completed by Aurora
Geoscience personnel and consisted of additional mapping and rock sampling. The
majority of the work was carried out on the Joy project, with only a small
program on the Mt. Mervyn. Gold results were uniformly low in the rock samples,
with the exception of one vein sample containing 2.8g/t. Mapping of the Joy
property has not located any significant sections of calcareous sediments
leading the Company to conclude that the potential for Carlin style
mineralization is low. As a result, the Company intends to terminate the option
agreement on the Joy Property. The Company will maintain the Mt. Mervyn Project
until such time as a follow-up program can be implemented to fully evaluate the
property.


Mr. James Chapman, P.Geo., is the Qualified Person responsible for the design of
the programs, and all exploration work on the Properties will be done under his
supervision. Mr. Chapman has read and approved the technical content of this
news release.


The Company also announces that an aggregate of 650,000 incentive stock options
have been granted to directors and officers at an exercise price of $0.10 per
share on December 14, 2012. The options are exercisable for a period of five
years, ending on December 14, 2017 and are subject to the requirements of the
Exchange and the Company's Stock Option Plan.


Expedition is a publicly held Canadian exploration company focused on acquiring,
exploring and developing gold properties located in favourable geo-political
climates. The company is led by a highly skilled, experienced board and
management team with significant successes in managing early stage mineral
exploration companies. For additional information concerning Expedition Mining
Inc. or its various exploration projects please visit Expedition's website at
www.expeditionmining.com.


CAUTION REGARDING FORWARD-LOOKING STATEMENTS:

This news release contains "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities legislation. Generally, these forward-looking
statements can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that certain
actions, events or results "may", "can", "could", "would", "might" or "will be
taken", "occur" or "be achieved". Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of Expedition
Mining to be materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks related to the
exploration and potential development of any properties, the actual results of
current exploration activities, conclusions of economic evaluations, changes in
project parameters as plans continue to be refined, future prices of gold.
Although Expedition Mining has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements.
Expedition Mining does not undertake to update any forward-looking statements
that are incorporated by reference herein, except in accordance with applicable
securities laws.


ON BEHALF OF THE BOARD:

Ronald Atlas, President & Chairman of the Board

Standard & Poor's Listed

Issued Share Capital: 58,186,789

FOR FURTHER INFORMATION PLEASE CONTACT: 
Expedition Mining Inc.
William Galine
(604) 662-3903
(604) 662-3904 (FAX)
bgaline@expeditionmining.com
www.expeditionmining.com

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