Laurentian Goldfields Ltd. and Anglogold Ashanti Ltd. Advance Superior AllianceDecember 9, 2009
December 9, 2009 — Vancouver, BC – Laurentian Goldfields Ltd. (LGF:TSX-V) (“Laurentian”) is pleased to announce that it has fulfilled the terms for Year 1 of the Superior Alliance with AngloGold Ashanti Ltd. (please see news release dated April 29, 2009). The Year 2 follow-up exploration program has commenced with AngloGold funding $1.7 million. The Superior Alliance is a 3 year, $5.4 million exploration alliance focused on grassroots gold target generation in Quebec, Ontario, Manitoba and Saskatchewan.
“We are pleased to report that within eight months of initiating the Superior Alliance, Laurentian has delivered targets of sufficient merit to warrant accelerating the second year of exploration,” states Andrew Brown, President and CEO of Laurentian. “We are confident that Year 2 exploration will advance at least one new target to the drill-ready stage in 2010.”
About Laurentian Goldfields Ltd.
Laurentian Goldfields Ltd. is a team of highly skilled exploration professionals focused on gold target generation in Canada’s frontier exploration areas. Laurentian generates new projects by employing leading edge exploration concepts and techniques to quickly and cost-effectively screen vast tracts of land for geological and geochemical signatures known to be associated with major gold deposits.
ON BEHALF OF THE BOARD OF DIRECTORS,
Andrew Brown, M.Sc., P.Geo.
President and CEO
Neither 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.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to mineral potential and planned exploration, development and production activities. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, realized mineralization of properties and the timing and success of future exploration, development and production activities.
For further information, please contact:
Vanessa Pickering, Manager, Corporate Communications
Tel: (604) 646-1598
Fax: (604) 642-2411