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PRM Pro Minerals Inc.

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Share Name Share Symbol Market Type
Pro Minerals Inc. TSXV:PRM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
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Drilling Begins Adjacent to Pro Mineral's Shining Tree-Beilby Lake Gold Project

02/11/2010 2:54pm

Marketwired Canada


Pro Minerals Inc. (TSX VENTURE:PRM) and its Board of Directors are pleased to
announce that as its financing is nearing completion and that drilling is
underway adjacent to its Shining Tree - Beilby lake Gold project in the Larder
Lake Mining District in north-eastern Ontario. On October 22, 2010 Platinex Inc.
and Creso Exploration Inc. announced they had "entered into an agreement to
combine claim holdings along the Larder Lake Break into a 50/50 joint venture in
the Shining Tree gold area of Ontario. The nine claims (336ha) that constitute
the joint venture property bring together the historic high grade vein systems
that include the former Churchill, GoldCorona, Cochrane, and Pet occurrences. A
1,000 m drilling program is to commence immediately on the joint venture
claims". Further, on October 29, 2010 it has now announced by Creso that
"Drilling at the new Gold Corona joint venture with Platinex in Churchill
township (see news in Stockwatch October 22, 2010) has completed the first hole,
CP-10-01, to 398.3 metres as part of a first-phase program of 1,000 metres."


In a 2008 Creso assessment report M.V. White used a 1934 reference on the
Churchill occurrence that said "Surface stripping carried out during 1918 to
1933 exposed four vein systems with veins No. 3 and No.1 returning economic gold
values. The No.3 vein was exposed for a length of 90m with an average gold value
of 27.5 g/ton over a width of 1.2m (18 channel samples). Vein No. 1 was exposed
for 30.5m with a width of 1.2m with an average gold value of 29.4 g/ton."


Pro Minerals compilation and Beilby Lake Property mapping in 2010 has determined
the Churchill veins No 1 and No 3 are oriented east-northeast in the extension
of the Beilby Creek Shear Zone. The significance of gold mineralization and
veins with this orientation in the Shining Tree region is alluded to in the
October 22 news release where Platinex-Creso state their joint ventured claims
occur along the Larder Lake Break. The two former gold mines in the Shining Tree
Region, the Tyranite Mine and the Ronda Mine, and gold occurrences such as
Matona, Caswell, Churchill-Gold Corona-Pet and Gosselin occur along a cryptic
east-northeast "break", the "Shining Tree Break". This "break could extend
east-northeast to join the Larder Lake Break in Larder Lake and Virginiatown.
Larder Lake is actually 125 kilometers "along strike" from the Beilby Lake
Property and the Platinex-Creso Joint Venture."


The Churchill-Gold Corona-Pet veins are all within 300 metres of Pro Minerals
Beilby Lake Property. The historically mapped extent of the Churchill No 3 vein
is about 230 to 320m east-northeast from the Beilby Lake Property along the
Beilby Creek Shear Zone. The Churchill No 1 vein is about 320-350m ENE from the
Beilby Lake Property along the Beilby Creek Shear Zone. The Pet Vein also
strikes west-southwest and an extension would enter Pro Minerals Beilby Lake
Property after about 225m.


The announced Platinex-Creso JV drilling may discover extensions along strike
and down dip to the previously established near surface high grade vein systems
that will enhance the potential of discovering similar mineralization on Pro
Minerals Beilby Lake Property which has never had its gold exploration targets
drilled.


The qualified person for the purposes of this news release is Robert D. Stewart,
P.Geo, and is a Qualified Person under National Instrument 43-101 guidelines.


Pro Minerals invites the public to visit its website at
http://www.promineralsinc.com or e-mail us at info@promineralsinc.com to be
added to the Company's e-mail list for press releases and updates.


ON BEHALF OF THE BOARD OF DIRECTORS OF PRO MINERALS INC.

Ian Casidy - Director

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