MORGAIN COMPLETES SALE OF CUATRO HERMANOS PROPERTY, MEXICO
Vancouver, BC, July 3, 2007 – Morgain Minerals Inc. (“Morgain”) (TSX-V: MGM) announces that it has completed the previously announced sale of its 100% ownership (including the 3% net smelter royalty) of the Cuatro Hermanos copper/molybdenum property located in State of Sonora, Mexico to Virgin Metals. In consideration Morgain received US$2.5 million and 500,000 common shares in the capital of Virgin Metals.
About Morgain Minerals Inc.
Morgain Minerals Inc. is an emerging gold producer focused in Mexico. Its corporate strategy is to acquire properties with known resources that can be further developed to production status.