February 14, 2007
GHG Resources Limited (“GHG”) announces that, in light of its recent acquisition of the Vizcachitas property in Chile, it has decided to dispose of its mineral property interests in China and to focus exclusively on Vizcachitas.
As a result, GHG has entered into an agreement to sell its China property interests through the sale of its subsidiary, Tun Resources Inc., in consideration of: (i) $1,000,000 payable as to $100,000 on receipt of TSX Venture Exchange approval, $400,000 on March 31, 2007 and $500,000 on May 31, 2007, and (ii) the purchaser assuming an aggregate $473,412 of liabilities of GHG which pertain to its operations in China. The transaction is subject to TSX Venture Exchange approval.
ON BEHALF OF THE BOARD
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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