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MCK Manson Creek Resources Ltd

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Share Name Share Symbol Market Type
Manson Creek Resources Ltd TSXV:MCK 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 -

Manson Creek Closes the Option of the Up Town Gold Project, NWT

12/08/2013 6:18pm

Marketwired Canada


Manson Creek Resources Ltd. ('Manson Creek') (TSX VENTURE:MCK) is pleased to
announce that the option of the Up Town Gold Project by Petro-Occidente Capital
Corp., now named North Sur Resources Inc. (TSX VENTURE:SUR) ('SUR') has closed. 


Manson Creek has received a $25,000 cash payment and 100,000 common shares of
SUR. The 100,000 SUR Shares issued to Manson are subject to a four month hold
period which expires December 13, 2013. Manson Creek will receive an additional
100,000 common shares of SUR on or about January 28, 2014 and again on or about
January 28, 2015 provided the option remains in effect. 


SUR has agreed to assume all of Manson's rights and obligations under the
underlying option, including required yearly exploration expenditures (totalling
up to an aggregate of $400,000 by 2016) and certain cash payments (totalling up
to an aggregate of $250,000 by 2016), required to be made to the vendor, Panarc
Resources, to keep the underlying option in good standing for each year that the
underlying option remains in effect, other than with respect to certain share
issuance, which obligations will be retained by Manson. 


If SUR exercises the option to acquire the Up Town Gold property, then for a
period of 60 days after such exercise Manson Creek will have a right to earn a
40% interest in the Property (the "Back-in Right") by providing notice of the
exercise of such Back-in Right and paying to SUR, in cash, 40% of all cash
payments made by SUR, 40% of all exploration expenses incurred by or on behalf
of SUR and 40% of the fair market value on the date of issue of all the shares
issued to Manson Creek.


Regan Chernish, P. Geol., President and Director

The TSX Venture Exchange has neither approved nor disapproved of the contents of
this press release.


Except for the historical and present factual information contained herein, the
matters set forth in this news release, including words such as "expects",
"projects", "plans", "anticipates" and similar expressions, are forward-looking
information that represents management of Manson Creek's internal projections,
expectations or beliefs concerning, among other things, future operating results
and various components thereof or the economic performance of Manson Creek. The
projections, estimates and beliefs contained in such forward-looking statements
necessarily involve known and unknown risks and uncertainties, which may cause
Manson Creek's actual performance and financial results in future periods to
differ materially from any projections of future performance or results
expressed or implied by such forward-looking statements. These risks and
uncertainties include, among other things, those described in Manson Creek's
filings with the Canadian securities authorities. Accordingly, holders of Manson
Creek shares and potential investors are cautioned that events or circumstances
could cause results to differ materially from those predicted. Manson Creek
disclaims any responsibility to update these forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Manson Creek Resources Ltd.
Regan Chernish
1.403.233.0464
www.manson.ca

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