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RGZ

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Share Name Share Symbol Market Type
TSXV:RGZ TSX Venture Common Stock
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Randsburg Agrees to Sell 80% of Its Titan Project

15/01/2010 1:31pm

Marketwired Canada


Randsburg International Gold Corp. (TSX VENTURE:RGZ) announced today that it has
entered into a definitive agreement with Prophecy Resource Corp. (TSX
VENTURE:PCY) whereby Prophecy has been granted the option to earn an 80%
interest in its Titan Vanadium-Titanium-Iron project located in Ontario, Canada.
The agreement is subject to regulatory approval.


The Titan project is located in north-eastern Ontario, straddling the boundary
between Angus and Flett Townships with access to excellent infrastructure. It is
approximately 120 km east-northeast of Sudbury, Ontario. The Titan property
consists of 1052 contiguous hectares (2600 acres) comprising 17 patented claims
and 3 mining claims.


Under the agreement, Prophecy shall have the right to acquire an 80% interest in
the Titan Project by paying Randsburg an aggregate of $500,000 and incurring
$200,000 in Exploration Expenditures by December 31, 2010. Randsburg has the
option to sell its remaining 20% interest in the project to Prophecy until
December 31, 2012 for $150,000 or 400,000 common shares of Prophecy.


"We are pleased to be working with Prophecy on the Titan project," stated
Michael Opara, President and CEO of Randsburg. "In our view, Prophecy has the
ability to considerably advance the project and bring added value to the
parties."


On behalf of the Board of Directors of Randsburg International Gold Corp.

Michael Opara, President and Chief Executive Officer

Copyright, 2010 - Randsburg International Gold Corporation. This news release
can be reproduced and retransmitted in whole, with no changes permitted of any
kind, including headlines, or the addition of any headlines or other material,
and providing it is supplied and made available without charge to the end
reader.


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