NEWS RELEASE
February 27, 2004
Resolve acquires 54,952 acres adding to Shoot Out
Mr. David Baker reports
Resolve Ventures has closed its transaction announced in Stockwatch on Jan. 12, 2004, covering 54,952 acres situated south of the company's Shoot Out property, Acrex joint venture, and the claims purchased from Ubex and Menace Capital, all in the Raglan district of Quebec.
To acquire a 100-per-cent interest in the claims, the company paid the vendor $50,000 in cash and issued 100,000 shares on exchange approval. The shares issued pursuant to this transaction bear a legend with a hold period expiring on June 13, 2004.
With this latest acquisition, the company now holds interests in more than 105,000 acres of prospective ground in the southern part of the Raglan district (referred to as the South trend). The company's properties are underlain by Povungnituk formation rocks, which are intruded by extensive mafic and ultramafic rocks with potential to host nickel-copper-PGE (platinum group element) mineralization.
The company plans to complete an extensive exploration program on its Raglan-area properties in 2004.