PGS Paget Minerals Corp.

Paget Minerals Corp. (TSX VENTURE:PGS), ("Paget" or the "Company") today
announced that it has signed an Option Agreement with Northern Superior
Resources Inc. ("Northern Superior") to acquire a 50% interest in the Lamarck
Creek gold property in west-central Quebec (the "Option"). 


To exercise the Option, Paget must fund expenditures on the property of not less
than, an aggregate, of $1,320,000 as follows:




a.  $120,000 (the "initial expenditures") on or before December 31st, 2011; 
b.  $600,000 on or before December 31st, 2012; and 
c.  $600,000 on or before December 31st, 2013.



The initial expenditures are committed. The remaining expenditures are not
committed; however Paget must incur the amounts set forth in b) and c) before
the dates referenced to maintain the Option. Paget has the right to accelerate
expenditures to earn-in. Northern Superior will be the operator of the project
until December 31st, 2013.


Diamond drilling will start immediately on one of the key structures identified
from the property's airborne geophysical survey. 


David Volkert, President and CEO, stated, "Northern Superior's expertise in the
Chibougamou gold district will be invaluable to exploring the Lamarck property.
This opportunity further diversifies Paget's property portfolio that includes
the principal Ball Creek property in B.C where drill results are being received
and further news will be disseminated shortly." 


Dr. T.F. Morris, President and CEO of Northern Superior, commented, "We are
pleased to have signed this option agreement for the Lamarck Creek gold property
with Paget. With Paget's backing, Northern Superior looks forward to exploring
this promising gold property located in the heart of the Chibougamou gold
district."


About Paget Minerals Corp. 

Paget Minerals Corp. is a British Columbia company focused on mineral
exploration and the advancement of a diverse range of precious metal and copper
projects in British Columbia, Mexico and Colombia, all under active exploration
with drill projects in B.C., including Ball Creek, Chist Creek, Icy Lake and
Fae.


About Northern Superior Resources Inc. 

Northern Superior is a junior exploration company focused on exploring for gold
and diamonds in the Superior Province of the Canadian Shield. The Company is
actively exploring for gold within two important gold districts: the
Stull-Wunnimun in Ontario and the Chibougamau in Quebec.


On Behalf of the Board of Paget Minerals Corp., 

David F. Volkert, President & CEO

Paget Minerals Corp. (TSXV:PGS)
Historical Stock Chart
From May 2024 to Jun 2024

Paget Minerals Corp. (TSXV:PGS)
Historical Stock Chart
From Jun 2023 to Jun 2024