Iron Creek Capital Corp.: Pampa Buenos Aires Update
Iron Creek Capital Corp. (TSX VENTURE: IRN), announces that the Company’s Chilean subsidiary, Compania Minera Mena Resources (Chile) Limitada (“Mena Chile”) and Andina Minerals Chile Limitada (“Andina”) have agreed to amend the terms of Mena Chile’s option to acquire a 50% interest in the Pampa Buenos Aires Project (the “Pampa Project”) in Chile.
The amended option calls for the Company to issue to Andina or its designee no later than July 31, 2008, 525,000 shares of Iron Creek, as well as pay $197,835 cash to reimburse Andina for its previous purchase of an underlying back-in right on the Pampa Project.
The Pampa Project is a prospective property located 15 km southwest of Yamana’s El Penon and Fortuna silver/gold mines. Exploration work has identified several epithermal, low sulfidation vein and breccia targets as well as a number of porphyry copper/gold targets.
Iron Creek is also pleased to announce the election of David Miles as a director of the Company at the annual general meeting held last week. David has been a Chartered Accountant for over 20 years and is CFO of four publicly-traded mineral exploration companies. Donn Burchill has stepped down as a director and management wishes to thank Donn for his contributions to the Company. David Miles has been granted an incentive stock option to purchase up to 50,000 common shares of the Company exercisable for five years at a price of $0.46 per share.
About Iron Creek
Iron Creek Capital Corp. is a Vancouver-based mineral exploration company engaged in the acquisition and exploration of precious and base metals projects in Chile.
ON BEHALF OF THE BOARD
Michael Winn, President
The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.
Contacts: Iron Creek Capital Corp. Michael Winn President (604) 682-1545 (604) 682-1514 (FAX)
SOURCE: Iron Creek Capital Corp.