Toronto, Ontario--(Newsfile Corp. - February 17, 2015) - Golden Share Mining Corporation (TSXV: GSH) ("Golden Share" or the "Company") is pleased to announce that it has amended the cash payment terms of an option agreement originally assigned to it by Nanoose Gold Limited for the Berens River property. Under the terms of the original agreement, no later than February 15th 2015 each of the two optionors was to receive $100,000 in cash from Golden Share. Under the terms of the amended agreement, the two optionors shall receive respective final cash payments of $100,000 and $126,250, according to two separate installment payment schedules. One of the two optionors has agreed to receive a $100,000 cash payment in four monthly installments of $2,500 on February 15th 2015, $2,500 on March 15th 2015, $5,000 on April 15th 2015 and $90,000 on May 15th 2015. The other optionor has agreed to receive a $126,250 cash payment in fifty one monthly installments starting on March 15th 2015 and ending on May 15th 2019.
About Golden Share
Golden Share Mining Corporation is a Canadian-based mining exploration company developing a promising and well-balanced property portfolio in the mineral belts of Eastern Canada, a politically stable environment with a history of rich mineral endowment. Following a 2013 merger transaction with Silvore Fox Minerals Corp., a Canadian junior explorer listed on the TSX Venture Exchange, Beijing Donia Resources Co. Ltd., a Chinese state-controlled company, has become Golden Share's largest shareholder with approximately 30.72% of its issued and outstanding shares. Sinotech Minerals Exploration Co. Ltd., a leading Chinese mineral exploration and development company, is a 50.03% shareholder of Beijing Donia Resources Co. Ltd (For further details please see the Sinotech corporate presentation on: http://www.goldenshare.ca). Lake Shore Gold Corp. remains Golden Share's second largest shareholder with approximately 6.05% of the Corporation's issued and outstanding shares.
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Golden Share Mining Corporation
Zhijun He, Interim President & CEO
Tel: 1-905-968-1153
E-mail: info@goldenshare.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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