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MES

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Share Name Share Symbol Market Type
TSXV:MES 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 -

Marauder Resources East Coast Inc. Announces Issuance of Bonus Shares

01/02/2013 12:06am

Marketwired Canada


Marauder Resources East Coast Inc. (TSX VENTURE:MES) ("Marauder" or the
"Corporation") announces that the Corporation has issued 1,428,571 common shares
in the capital of the Corporation as bonus shares to an arm's length third party
(the "Lender") at a deemed price of $0.07 per share in consideration of a loan
("Loan") advanced by the Lender to the Corporation on April 12, 2012 in the
principal amount of $500,000. The Loan is unsecured, non-convertible, carries an
interest rate of 3.0% per annum, and is evidenced by a loan agreement dated
January 10, 2013.


The bonus shares issued are subject to a four month hold period and will become
free trading on May 28, 2013.


On January 24, 2013, the TSX Venture Exchange accepted for filing documentation
pursuant to the issuance of bonus shares.


This press release may contain forward-looking statements within the meaning of
applicable securities laws. Forward-looking statements may include estimates,
plans, anticipations, expectations, opinions, forecasts, projections, guidance
or other similar statements that are not statements of fact. Although the
Corporation believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that such expectations will
prove to be correct. These statements are subject to certain risks and
uncertainties and may be based on assumptions that could cause actual results to
differ materially from those anticipated or implied in the forward-looking
statements. These risks include, but are not limited to: the risks associated
with the oil and gas industry (e.g. operational risks in development,
exploration and production; delays or changes in plans with respect to
exploration or development projects or capital expenditures; the uncertainty of
reserve estimates; the uncertainty of estimates and projections relating to
production, costs and expenses and health, safety and environmental risks),
commodity price and exchange rate fluctuation and uncertainties resulting from
potential delays or changes in plans with respect to exploration or development
projects or capital expenditures. The Corporation's forward-looking statements
are expressly qualified in their entirety by this cautionary statement. The
forward-looking statements contained in this press release are made as of the
date hereof and the Corporation undertakes no obligations to update publicly or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Marauder Resources East Coast Inc.
Robert V. Shields
403-262-3907
rvs@maraudernrg.ca

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