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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: regli who wrote (12366)5/30/2006 9:00:51 PM
From: E. Charters  Read Replies (1) of 78416
 
Ark ark ark.

TO -- Aranka Gold Inc. (and Guyana Goldfields Inc.

Aranka Gold Inc. announces it has acquired exclusive exploration rights to three groups of mineral properties totaling 49,403 acres. The Properties are located in the Aranka district, Cuyuni River, Guyana. The Company may earn a 100% interest in the projects by making cash payments over three years. The vendors retain a net smelter royalty (NSR) of 1.5% to 2.0% with the Company retaining an option to purchase the various NSRs.

The Company considers the Properties to be highly prospective for primary gold mineralization. The Company is currently conducting an airborne geophysical survey, see press release dated April 11, 2006, and these newly acquired Properties will be included in the current program.

Guyana Goldfields Inc. has been granted a back in right for a 50% interest in the Properties for a period of three years by reimbursing Aranka Gold Inc. 125% of its total expenditure on
the Properties. (See press release of October 20th, 2005).
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