| ||January 07, 2004|
MBA Gold Earns World Beater Property Interest Extends Date For Exercise Of Second Stage Option
| ||Vancouver, British Columbia|
MBA Gold Corp. (TSX Venture: MBA-V) has received notification from its joint venture partner Compass Minerals Limited that MBA has earned its initial 30% interest in the World Beater gold project. MBA and Compass have also agreed to amend their option-joint venture agreement to extend the time within which MBA can earn an additional 30% interest. Under the terms of the amended agreement, MBA can earn an additional 30% interest in the project by completing a pre-feasibility study on or before September 30, 2004.
Cameron White, Chief Executive Officer of MBA Gold stated, "The revised agreement will give us more flexibility as we proceed with the next phase of work at World Beater. While we will not lose sight of our main objective of establishing the feasibility of a mine at World Beater, our 2003 program opened up some exciting exploration opportunities that deserve our attention during 2004. We would like to thank Compass Minerals for their cooperation and their shared vision for World Beater."
MBA Gold Corp. is a precious metals development company whose strategy is to acquire a portfolio of resource properties that have indicated mineral resources and require further exploration or development work. MBA Gold will add value to these projects by providing capital, exploration expertise and where justified, development and production planning.
For more information, contact Mr. Cameron White at 604 707-0373, or email us at firstname.lastname@example.org.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
Visit our Web Site at www.mbagold.com
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