SAINTE-FOY, QUEBEC--(CCNMatthews - June 26, 2006) - Plexmar Resources Inc. (TSX VENTURE:PLE) is pleased to announce that it has signed a letter of intent to acquire 90,752 hectares (907.5 Km2) of prospective land in Ecuador. Part of the package is located near Aurelian Resources (TSXV-ARU) Fruta del Norte's gold discovery and surrounds ARU's land position to the North and to the West. The east boundary of the property is located approximately within 5 kms of Fruta del Norte One. The properties are 100% owned by a private Ecuadorian Company and were staked based on geological merit.
Plexmar will evaluate the package for a period of 60 days in return for a cash payment of $125,000 US. Should the evaluation be positive, Plexmar retains the right to acquire the properties at terms to be negotiated later.
Please see map at http://www.ccnmatthews.com/docs/plea0626.JPG or see website at www.plexmar.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
92 M shares outstanding
Plexmar will evaluate the package for a period of 60 days in return for a cash payment of $125,000 US. Should the evaluation be positive, Plexmar retains the right to acquire the properties at terms to be negotiated later.
Please see map at http://www.ccnmatthews.com/docs/plea0626.JPG or see website at www.plexmar.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
92 M shares outstanding