News Archive 2006
NEWS RELEASE
September 14, 2006
TSX.V Symbol: GHG
GHG Resources Limited (the “Company”) is pleased to announce its associated Chinese joint venture company, Yunnan Yuntong Exploration Co. Ltd., has sold three of its non-producing, exploration mineral properties in China to a branch of the Chinese government known as the Simao Municipal Bureau of Land and Resources in Yunnan Province. The net sale proceeds (after taxes and finder’s fees) were approximately CDN$1,000,000.
The three exploration properties that were sold are located in Zhenyuan county, Yunann province of China, aggregate 30.89 square kilometres, and are known as the Jiazutian, Shangzhai and Bianfu gold and multi-metals prospects. None of these exploration properties are in production, and are not considered “material” by the Company.
In conjunction with this disposition, the Company will continue to mine, develop and explore its remaining Chinese properties, pursuant to newly issued government permits.
ON BEHALF OF THE BOARD
Christopher Fung
President and Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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