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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 to Extend Term of Warrants

05/12/2011 6:16pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

White Pine Resources Inc. (TSX VENTURE:WPR) ("White Pine") announces that it
will make an application to the TSX Venture Exchange (the "TSXV") to extend the
term of its Series 2008-II and Series 2009-I warrants to December 23, 2012 and
January 26, 2013, respectively.


An aggregate of 4,275,000 Series 2008-II warrants were originally issued in
December 2008 and are exercisable at $0.35 per share until 5:00 p.m. (Toronto
time) on December 23, 2011. An aggregate of 2,000,000 Series 2009-I warrants
were originally issued on January 26, 2009 and are exercisable at $0.35 per
share until 5:00 p.m. (Toronto time) on January 26, 2012.


The exercise price for both series of warrants will remain the same.

The warrant amendments have been approved by the board of directors of White
Pine. The warrant amendments remain subject to TSXV approval.


About White Pine Resources Inc.

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


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
WPR, 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: 33,716,533

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