Anglo Minerals Ltd. (TSX VENTURE:ALM) ("Anglo") Anglo is pleased to announce that the "Scoping Study" which was the subject of a news release disseminated on January 18, 2006 is nearing completion, and that it is expected to be available to management by the end of April, 2006. Anglo's winter 3-D seismic program in the Jansen Lake area of central Saskatchewan is also proceeding on schedule, and is now over 50% completed. Results for the seismic program are expected to be available to management by the end of May, 2006.
By way of a news release disseminated on February 28, 2006, Anglo announced that it would be lending an aggregate of $422,500 to certain persons for the sole purpose of allowing such persons to exercise outstanding stock options to acquire common shares of Anglo. The loans were ultimately not required by the borrowers and were never advanced. All other aspects of the February 28, 2006 news release are confirmed.
FOR FURTHER INFORMATION PLEASE CONTACT:
Anglo Minerals Ltd. Todd Montgomery President (403) 228-0607
The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.
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