Toronto, May 20, 2015 -- Golden Share Mining Corporation ("Golden Share" or the "Company" -TSXV:GSH) is pleased to announce that on May 15, 2015 it has made a final cash payment to one of the two optioners to acquire 50% interests for the 15 units claim where the past producing "Berens River Mine" located. Installments to the second optioner continue on a monthly basis and are up to date. The Company intends to continue the monthly installments of $2,500 which will be completed ending on May 15, 2019 for the remaining 50% interests. Please refer to the Press Release dated on February 17, 2015 for details.
Berens River property is located 200 km north of the City of Red Lake, in the Favourable Lake Greenstone Belt of Northwestern Ontario, comprising of 30 claims or 355 units. The property includes a past producing "Berens River Mine" operated by Newmont Mining from 1939 to 1948. After May 15, 2015 payment, the company now owns 100% of 29 claims or 340 units; 50% of the 15 units claim where "Berens River Mine" located and also the option to earn the remaining 50% for such 15 units claim.
"We are pleased to complete this final cash payment and continue to advance the company's control of the Berens River property. Meanwhile, an internal geological evaluation process is planned to be initialed shortly reviewing Golden Share's extensive portfolio of mineral properties located in Ontario and Quebec." commented from Nick Zeng, the President & CEO.
All technical information presented in this press release has been reviewed by Laurence Huss, MSc, PGeo, the qualified person for Golden Share.
About Golden Share
Golden Share Mining Corporation is a Canadian-based mining exploration company developing a promising and well-balanced property portfolio in the mineral belts of Ontario and Quebec, both politically stable jurisdictions with a history of rich mineral endowment.
FOR MORE INFORMATION, CONSULT: http://www.goldenshare.ca
Golden Share Mining Corporation
Nick Zeng, President & CEO
Tel: (416) 799-8899