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| | July 04, 2008
Pampa Buenos Aires Update
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| | July 4, 2008 - Iron Creek Capital Corp. (TSX-V: IRN), announces that the Company's Chilean subsidiary, Compañia Minera Mena Resources (Chile) Limitada ("Mena Chile") and Andina Minerals Chile Limitada ("Andina") have agreed to amend the terms of Mena Chile's option to acquire a 50% interest in the Pampa Buenos Aires Project (the "Pampa Project") in Chile.
The amended option calls for the Company to issue to Andina or its designee no later than July 31, 2008, 525,000 shares of Iron Creek, as well as pay $197,835 cash to reimburse Andina for its previous purchase of an underlying back-in right on the Pampa Project.
The Pampa Project is a prospective property located 15 km southwest of Yamana's El Penon and Fortuna silver/gold mines. Exploration work has identified several epithermal, low sulfidation vein and breccia targets as well as a number of porphyry copper/gold targets.
Corporate News
Iron Creek is also pleased to announce the election of David Miles as a director of the Company at the annual general meeting held last week. David has been a Chartered Accountant for over 20 years and is CFO of four publicly-traded mineral exploration companies. Donn Burchill has stepped down as a director and management wishes to thank Donn for his contributions to the Company. David Miles has been granted an incentive stock option to purchase up to 50,000 common shares of the Company exercisable for five years at a price of $0.46 per share.
About Iron Creek
Iron Creek Capital Corp. is a Vancouver-based mineral exploration company engaged in the acquisition and exploration of precious and base metals projects in Chile.
The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release
ON BEHALF OF THE BOARD
"Michael Winn"
Michael Winn, President |
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| | You can view the Next News Releases item: Fri Aug 15, 2008, Pampa Buenos Aires -- JV Agreement Signed; Drilling Commenced
You can view the Previous News Releases item: Mon Apr 7, 2008, Iron Creek Capital Corp. Announces Completion of Qualifying Transaction
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