Karbonate Minerals Corp. Acquires Additional Land Adjoining Their Ontario Project, KMC-CAN-01 Named Chloe's Ridge

Karbonate Minerals Corp. have recently announced that they have completed the acquisition of a significant piece of land that adjoins their 100% owned and operated KMC-CAN-01 project in Ontario, Canada which has been named Chloe's Ridge.

The acquisition follows several months of test drilling by the company to assess the potential that this land, covering 11 square kilometers, had to offer.

Karbonate's last new drill hole intercept returned an average of 2.06 grams of gold per ton over 390 meters, including 137 meters of 2.84 grams of gold per ton as well as 16 meters of 3.11 grams of gold per ton.

A large portion of the new property is adjacent to an area known on the project as Falmouth Creek which has consistently been one of the project's most productive areas for the last 8 years.

Oliver Denton, Director of Projects at Karbonate Minerals Corp. commented on the acquisition, "The opportunity this land acquisition has offered the project is enormous. We will continue with more test drills over the whole site in the coming months and anticipate this will be completed in the 3rd quarter. As a consequence of this successful acquisition, we have an option on another land parcel, of a similar size adjacent to the new land acquired. We will commence some test drills to the area once all test drilling has been completed at Chloe's Ridge."

Once all the exploration data has been assembled and compiled from the Chloe's Ridge land area the company will present all findings to shareholders.