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WPR

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Share Name Share Symbol Market Type
TSXV:WPR 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 -

White Pine Obtains One Year Extension on Option Agreements for Yukon Properties

27/06/2013 7:17pm

Marketwired Canada


White Pine Resources Inc. (TSX VENTURE:WPR) ("White Pine") is pleased to
announce that it has reached an agreement to extend the terms of its option
agreements pursuant to which it may earn a 100% interest in each of the
properties known as the Money and Tender properties (the "Yukon Properties"),
located in the White Gold District, Yukon, subject to a 2% net smelter returns
royalty (the "NSR") on each of the Yukon Properties. 


The original terms of the agreement were announced in a press release dated
February 14, 2011, and the amended terms were announced in a press release dated
March 5, 2012. As previously announced, White Pine had determined to allow its
options on the Yukon Properties to lapse (see press release dated February 11,
2013), however, pursuant to the terms of the new agreements, due dates for each
of the remaining cash payments, share issuances and exploration expenditure
obligations have been extended by one year in return for a one-time cash payment
of $10,000.


The amended agreements for the Yukon Properties remain subject to the final
approval of the TSX Venture Exchange.


About White Pine Resources Inc. 

White Pine is a Canadian based mineral exploration company primarily focused on
the acquisition, exploration and development of mineral deposits in Canada. 


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


Forward Looking Statements - Certain information set forth in this news release
may contain forward-looking statements that involve substantial known and
unknown risks and uncertainties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the control of
White Pine, including, but not limited to the impact of general economic
conditions, industry conditions, volatility of commodity prices, risks
associated with the uncertainty of exploration results, currency fluctuations,
dependence upon regulatory approvals, the availability of financing and
exploration risk. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not
be placed on forward-looking statements.


Shares Outstanding: 33,966,533

FOR FURTHER INFORMATION PLEASE CONTACT: 
White Pine Resources Inc.
Robert Cudney
President and CEO
(416) 628-6626
(416) 628-5911 (FAX)
info@whitepineresources.ca

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