Rodinia Options Property to Yukon Resources
February 16, 2006
Vancouver, British Columbia… Rodinia Minerals Inc. (“Rodinia”) announces having entered into a Letter of Intent pursuant to which Rodinia, subject to regulatory approval and other requirements, has agreed to give Yukon Resources Corp. (“Yukon”) an option to acquire a 75% interest, subject to third party Royalties, in Rodinia’s “Red Bluff”, “Middleton Mountain”, “Buckaroo Flats” and “Pendleton Mesa” Uranium properties located in Gila County, Arizona. To exercise the option, Yukon must, among other things, make a cash payment and securities issuance to Rodinia by March 10, 2006. If Yukon exercises the option, the parties will enter into a 75/25 joint venture with Rodinia’s 25% joint venture interest being carried until Yukon delivers a pre-feasibility study in respect of the properties.
ON BEHALF OF THE BOARD
(sgd.) “Donald Morrison”, President
For further information, please contact Don Mosher, Director
Tel: (604) 685-6465
Fax: (604) 685-9744
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