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IVO

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Share Name Share Symbol Market Type
TSXV:IVO 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 -

Invenio Exercises Option to Acquire 75% of Kings Canyon and Green Springs Projects

05/04/2011 2:00pm

Marketwired Canada


Invenio Resources Corp. ("Invenio" or the "Company") (TSX VENTURE:IVO) is
pleased to announce that it has acquired a 75% interest in two gold properties,
the Kings Canyon and Green Springs Projects, pursuant to an option agreement
dated May 9, 2006 with Palladon Ventures Ltd. ("Palladon") and Genesis
Corporation ("Genesis).


Kings Canyon Project, Utah

The Kings Canyon Project is located in the Great Basin region in west-central
Utah and currently encompasses approximately 1,370 acres of unpatented claims
and a state minerals lease. Gold mineralization is a Carlin-style system hosted
at shallow depths in Paleozoic carbonate rocks and may be controlled by steep
mineralized faults.


The Kings Canyon Project is composed of claims that have been optioned from
Kinross Gold Corporation as well as from Palladon and Genesis. The
Genesis/Palladon claims are immediately adjacent to and enclose on three sides a
separate block of claims held by Kinross Gold Corporation and currently under
option to Invenio whereby Invenio can acquire a 100% interest. Invenio has until
December 2013 to fulfill its obligations under the Kinross option. The Kinross
claims contain an historical non-compliant resource of approximately 217,000
ounces of gold at an approximate grade of 0.93 grams/tonne gold. The resource is
not compliant with NI 43-101, and is historical in nature. Invenio has not
verified the resource calculation and therefore it should not be relied upon.
The gold mineralization is oxidized and found near surface, trends directly onto
the Genesis/Palladon ground but has had little drilling. In addition, many
additional mineralized faults have been delineated on the property, defining
numerous untested targets in areas where the favourable horizon is at shallow
depths.


Green Springs Project, Nevada

Green Springs is situated in central Nevada and covers 240 acres of unpatented
mining claims. These claims encompass the down-dip projections of Carlin-style
gold zones which were mined in the late 1980s by the USX Corp., with
historically reported production of approximately 60,000 ounces of gold at a
grade of approximately 1.8 grams/tonne gold. The production is historical in
nature and Invenio has not verified the figures and therefore it should not be
relied upon. Alteration in the area is widespread yet previous exploration was
narrowly focused along one target horizon. 


About Invenio Resources Corp.

Invenio Resources Corp. is a Canadian based exploration company. The Company's
common shares are listed on the TSX Venture Exchange and trade under the symbol
IVO. Invenio has three gold properties under option: Ganes Creek, Alaska; Kings
Canyon located on the border of Nevada and Utah; and Green Springs, Nevada. The
Ganes Creek property was optioned in February 2011 and Invenio has the right to
acquire a 100% interest. Ganes Creek, located in south central Alaska, is
situated in the Tintina Gold Belt which is host to the 42 million ounce Donlin
Creek gold deposit approximately 90 km to the south west and the Nixon Fork
copper-gold skarn deposit approximately 62 km to the northeast. Ganes Creek has
the potential to host both high grade lode style gold mineralization and lower
grade bulk mineable mineralization similar to that found at Donlin Creek. The
technical information in this news release was reviewed by Jerry Blackwell,
P.Geo., Invenio's technical advisor and a Qualified Person as defined in NI
43-101. 


ON BEHALF OF THE BOARD OF DIRECTORS OF INVENIO RESOURCES CORP.

Ken Booth, President

"This news release may contain forward-looking statements. Forward-looking
statements address future events and conditions and therefore involve inherent
risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements."


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