(Source: Business Wire)
World Ventures Inc. (OTC BB:WVNTF) is pleased to announce that work has commenced on the Lapon Canyon project, Mineral County, Nevada, under the Joint Venture with Kelward International Corp. Preparations are being made to facilitate access to the property by manual road maintenance under a Plan of Operations submitted for approval to the Bureau of Land Management. This property contains a high-grade gold-bearing structure developed by historical workings on three levels as described in detail by an NI43-101 report by J. Montgomery and filed on SEDAR and as illustrated on the Company's website www.worldventuresinc.com.
Sampling on the Triton claims, MacMurchy Township, Ontario has been initiated in the vicinity of an historical shaft site. The Triton property contains an historical shaft which followed one gold-bearing quartz vein structure to over 100 feet in depth with lateral working at this depth that extend along the vein structure for approximately 10 feet within the vein structure. The nature of the vein structure and the gold values are historical in nature and have not been confirmed by the Company and details should not be relied upon for investment purposes. This property has been re-acquired under an agreement which requires payments of $10,000 in year 1, $20,000 in year 2, issuance of 250,000 shares of common stock in each year, and the payment of a 1% NSR, of which 3/4% may be purchased for $500,000. An additional 1% NSR accrues to Teck Cominco Limited on this property.
World Ventures Inc. also announces the extension of the expiry date of its common share purchase warrants issued on July 10, 2007 and November 20, 2006 (the "Warrants") and scheduled to expire on July 9, 2009 and November 19, 2009, for one (1) additional year. The amended exercise dates of the Warrants are now the close of business on July 9, 2010 and November 19, 2010 (5:00 p.m. PST). The exercise prices of the Warrants remain at $0.30 per common share and $0.15 per common share. Total Warrants issued pursuant to the private placements of July 10, 2007 were 825,000 and total Warrants issued pursuant to the private placement of November 20, 2006 were 1,000.000. The Company has granted a total of 1,150,000 stock options to its directors and officers. All options are exercisable at a price of 5 cents per share and will expire on August 14, 2014.
World Ventures Inc. is an exploration company that focuses on precious metals.
ON BEHALF OF THE BOARD OF DIRECTORS OF WORLD VENTURES INC. "Stewart A. Jackson" Stewart A. Jackson, President/CEO -------------------------------------------------------------------------------
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