BTU Metals to acquire two large gold exploration properties in Wawa gold area

BTU METALS CORP. (BTUMF) announces it has finalized the transaction to acquire a 100% interest in two large gold exploration projects in the active Wawa gold area of northern Ontario; the Echum Gold Project adjacent to Alamos Gold Inc. (AGI) and the Hubcap Gold Project adjacent to Red Pine Exploration. Each of the projects covers areas of historic gold mineralization and neither project has been the subject of significant or comprehensive exploration in recent years. The Echum property is adjacent along trend of the Alamos Gold Island Gold Mine property and the Hubcap property is adjacent along the geological trend of the gold mineralization that has been extensively drill tested by Red Pine Exploration. The consideration paid by BTU on closing for a 100% interest in the Echum and Hubcap properties was: C$25,000 and 5 million BTU treasury common shares. The only remaining obligation of the Company is in regards to undertaking to honour net smelter royalties to the original vendors.