Agoracom

BALTIC AND PARTNERS ACQUIRE NORONT NI-CU-PGE DISCOVERY AREA PROPERTIES

Baltic Resources Inc., MacDonald Mines Exploration Ltd. and Temex Resources Corp. have completed the initial claim acquisition in connection with a joint venture to be formed between the company, MacDonald and Temex pursuant to a letter agreement. The properties acquired are located in the area of the James Bay Lowlands in and around the Noront Double Eagle nickel-copper-PGE discovery.

Pursuant to the joint venture, the properties, which represent three separate parcels of land comprising over 50 claim blocks which correspond to approximately 13,600 hectares, will be shared on a 50/25/25 basis between the company, MacDonald and Temex, respectively, and all costs associated with the acquisition and exploration of the properties will be shared on the same basis. MacDonald will be the operator for the joint venture.

In addition, the company continues its staking efforts of additional target areas in and around the area of the Noront Double Eagle Ni-Cu-PGE with other parties.

© 2007 Canjex Publishing Ltd.