ZENDA CAPITAL CORP. ANNOUNCES ADDITIONAL KIRKLAND LAKE PROPERTY ACQUISITION
Toronto, Ontario CANADA, January 21, 2004 /FSC/ - Zenda Capital Corp. (ZND - TSX Venture), ("Zenda") wishes to announce an option to acquire six patented and leased mining claims in the Kirkland Lake Mining Camp in northeastern Ontario. The claims are located in Teck Township and cover approximately 90 ha in one block (the "Property"). These claims are contiguous with other unpatented claims that were optioned by Zenda as announced on October 28, 2003. The new acquisition is historically known as the Kirkland Basin property and lies immediately to the north of the past-producing Lake Shore Mine property, now owned by Kirkland Lake Gold Inc.
Zenda can earn a 100% interest in the Property by issuing 600,000 shares over three years; a finder's fee of 60,000 shares is also due. The Property is subject to a 15% Net Profits Royalty held by the original vendors. The arm's-length agreement to option the Property is being transacted between Zenda and Newfields Minerals Inc. This transaction is subject to regulatory approval.
Zenda plans to commence exploration work on its Kirkland Lake area holdings later this winter.
For further information, please contact Mr. Paul Ankcorn, a director and President of Zenda, at 416-360-4137, or visit the Zenda website at www.zendagold.com.
Zenda Capital Corp.
55 Adelaide St. East, Suite 410,
Toronto, ON, Canada M5C 1K6
Tel: 416-360-4137
Fax: 416-360-8139
E-mail: info@zendagold.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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