(Source: Canada Newswire)

TORONTO, Oct. 28 /CNW/ - Crown Minerals Inc. ("Crown" or the
"Company") (TSX Venture: CWM ) is pleased to announce that it has
made the initial payments to the vendor of patented claims covering
three (3) gold exploration properties near Timmins, Ontario and one
(1) gold exploration property near Red Lake, Ontario in accordance
with the Option Agreement announced by Crown in its press release
dated October 8, 2009. These payments consisted of $20,000 in cash
and 1,500,000 shares of Crown.
TSX Venture Exchange approval for the transaction has been
received. Crown must spend $1,000,000 on exploration work on the
properties over the next 3 years in order to earn a 100% interest in
all 4 properties (subject only to a 3% net smelter return royalty,
one half of which may be purchased for $1,000,000).
Crown is also pleased to announce that exploration work has
started on 3 of the 4 properties with the objective of defining
drill targets for a winter drilling program.
The properties located near Timmins are in Whitney, Deloro and
Shaw Townships. The Whitney property is 1 km northwest of the
Hallnor mine which was the richest mine in the Timmins area having
produced 1.7 million ounces of gold at a recovered rate of 0.4 oz/
short ton. The Deloro property is 4 km southwest of the Buffalo-
Ankerite mine and 1km southeast of the Nabob mine.
The property located near Red Lake is on Mackenzie Island and is
approx 2 km from the Gold Eagle deposit recently purchased by
Goldcorp for $1.5 billion.
Crown is exploring for gold and base metals in both Ontario and
Nevada. For more information please see the Crown website at
www.crownmin.com.
This release was prepared by management of the Company who take
full
responsibility for its contents. The TSX has not reviewed and
does not
accept responsibility for the adequacy or accuracy of this news
release.
Forward Looking Information: This news release may contain
forward-looking statements that are subject to known and unknown
risks and uncertainties that could cause actual events or results to
vary materially from those discussed in such forward-looking
statements. Such risks and uncertainties include those described in
the Company's periodic reports including the annual report or in the
filings made by the Company with securities regulators.
(c) 2009 Canada Newswire. Provided by ProQuest LLC. All rights Reserved.
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