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Gold/Mining/Energy : The Molybdenum Discussion Board -- Ignore unavailable to you. Want to Upgrade?

To: teevee who wrote (293)	1/19/2005 1:27:22 PM
From: hank2010	Read Replies (1) \| Respond to of 3267

A new #1??? PEARL to Acquire Canada's Largest Undeveloped Molybdenum Deposit'1' 1/18/05 TORONTO, ONTARIO, Jan 18, 2005 (CCNMatthews via COMTEX) -- Patent Enforcement and Royalties Ltd. (PEARL) (TSX VENTURE:PAL) is pleased to announce it has entered into an agreement whereby it has the right to earn a 100% interest in the Yorke-Hardy molybdenum project subject to a 2.75% NSR royalty as announced Nov ember 22, 2004. A NI 43-101 compliant report has been prepared for the company on the Yorke-Hardy deposit which is located near Smithers, B.C. This report was prepared by Giroux Consultants and has been filed with the TSX-V and will be available on SEDAR. There are no significant differences in this report dated December 17, 2004 and an estimate of molybdenum resources provided by PEARL in the news release dated November 22, 2004. During the past several decades 58,000 metres of drilling and 2,600 metres of underground development were conducted on the Yorke-Hardy molybdenum property. A considerable amount of metallurgical and engineering work was also completed, although the project was never brought into production. At a cut-off grade of 0.10% MoS2 and using only the measured and indicated categories, it is estimated that Yorke-Hardy contains 230,570,000 tonnes of material grading 0.193% MoS2 or 981 million pounds of MoS2. This equates to 588 million pounds of Mo or molyoxide. Molyoxide is currently trading at US$34 per pound. Until an economic evaluation is completed, the economic cutoff for this deposit is unknown. For the purposes of the disclosure in this press release, Gary Giroux, P. Eng is the Qualified Person in accordance with NI 43-101. PEARL is planning to initiate pre-feasibility and feasibility work on Yorke-Hardy as soon as practicable upon completion of the acquisition. Further to the company's Press Release of November 22, 2004, part of the transaction will involve an equity financing by PEARL. Details of the financing will follow in due course. Since its inception, PEARL has been in the business of investing in patents and other intellectual property by financially assisting patent owners to enforce the rights given to them under patent laws. Management of PEARL will be seeking shareholder approval to change its business to the resource sector, change its name and reorganize its board of directors. Two existing directors, Messrs. Brian Courtney and Ken Oakley, will be stepping down and Messrs. John Kalmet and James Ashcroft will be asked to stand for election. John Kalmet is a mining engineer with extensive experience in mining operations and development. Mr. Kalmet was President and Chief Operating Officer of Wheaton River Minerals Ltd. from 1996 to 2001, and prior to that, he spent 25 years with the Noranda organization, including the position of General Manager, Western Canada. James Ashcroft is also a mining engineer with a distinguished career in the Canadian mining industry, spending 39 years at Inco Ltd. in various capacities, the most recent as President of Inco's Ontario Division. John Cocomile will step down as President and Chief Executive Officer, but will remain on the board. Ian J. McDonald, currently Chairman, will be appointed President and Chief Executive Officer. Mr. Kerry Knoll will also remain on the board. Mr. Derek Price will remain as Chief Financial Officer. Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and disinterested Shareholder approval. The transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the transaction, any information released or received with respect to the Change Of Business may not be accurate or complete and should not be relied upon. Trading in the securities of PEARL should be considered highly speculative. '1' According to the Canadian deposits reviewed in the Roskill Information Services Limited 2003 8th edition report entitled "The Economics of Molybdenum". To find out more about Patent Enforcement and Royalties Ltd. (TSX-V: PAL), visit our website at www.pearlltd.com. Shares outstanding: 23,259,000 Patent Enforcement and Royalties Ltd. Ian McDonald (416) 860-1438 www.pearlltd.com.

To: teevee who wrote (293)	1/19/2005 2:55:41 PM
From: E. Charters	Read Replies (1) \| Respond to of 3267

Molyscam is just around the corner. I am waiting for someone with a suitcase full of cash to ask me in a dark alley if I will take that for a couple of kilos of moly. You can sniff moly apparently. I won't do anything for you except promote regularity, but at today's prices it is a close substitute for other less colourful powders. It also makes the surf boards wax, lubricant for in-line skates and skateboards, and is an ideal hair-spray if you have green, blue or orange hair. Market research shows the demand from such usage is about 5 million pounds per annum in Californication alone. Hardware store owners tell me (in ALL seriousness) that Moly Sulphide grease disappears off their shelf (as the preferred grease for HE) at a steady rate. I myself used spray Moly-Sulphide for drill rods in overburden this summer when drilling for gold. EC<:-}