September 20, 2013 – Toronto, Ontario – Cadman Resources Inc. (CUZ) (“Cadman” or the “Company”) is pleased to announce an agreement for a new graphite project in Buckingham township in the Ottawa valley, western Quebec. Buckingham township is the site of several past producing graphite mines including the Diamond Mine, the Walker Mine, directly to the south and the Plumbago mine to the south east. These past producing mines and their surrounding areas have all been the subject of recent exploration and staking activity. With the renewed interest in graphite this area is once again becoming a centre of activity. Previous development work in the area was associated with large flake deposits and lump/vein occurrences are also recorded.
Within Cadman’s claims are the now abandoned Winning-Elliot and Kendall mines and also just outside of Cadman’s claims are the abandoned Lac Rhéaume and London mines. These mines produced mostly apatite and mica in the late 1800’s. Apatite has been associated with lump/vein graphite in the surrounding area and more notably also in many of the Sri Lankan vein graphite deposits.
The Company has signed an option agreement with JP & Associates Inc. and Alexander Johnston to acquire 100 per cent interest in the graphite project located east of Ottawa/Gatineau The Buckingham North property (the “Property”) is comprised of 18 permits totaling 10.89 km2 . To exercise the option and earn 100 per cent interest in the Property the company is required to deliver 3,000,000 shares of Company common stock upon signing of the option agreement and to make a cash payment of $5,000.
On behalf of the board of Directors
CADMAN RESOURCES INC.
CEO & Chairman
For further information, please contact Boris Ziger, Chief Executive Officer, at:
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation. Additional information identifying risks and uncertainties is contained in the Corporation’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.
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