TORONTO, ONTARIO--(MARKET WIRE)--Apr 14, 2008 -- Silvermet Inc. ("Silvermet") (CDNX:
SYI.V -
News) Further to its
press release of April 8, 2008 regarding the potential spin
out of its Muskox interest and rights, Silvermet wishes
to make it clear that any potential reorganization of Silvermet's
Muskox interest and rights is subject to any number of conditions,
one of which includes Silvermet obtaining the prior written
approval of Prize Mining Corporation, the property owner.
Silvermet anticipates that it will soon approach Prize Mining
Corporation to commence discussions in this regard. If the
spin out occurs subsequent to Silvermet earning its interest
no approval is required from Prize Mining.
Silvermet Inc. is an exploration and development company
presently focused on developing a number of zinc projects
in Turkey and exploring its nickel-copper-platinum group
metals project located in Nunavut, Canada.
Caution concerning forward-looking statements: The information
in this release may contain forward-looking information
under applicable securities laws. This forward-looking information
is subject to known and unknown risks, uncertainties and
other factors that may cause actual results to differ materially
from those implied by the forward-looking information. Factors
that may cause actual results to vary include, but are not
limited to, inaccurate assumptions concerning the exploration
for and development of mineral deposits, political instability,
currency fluctuations, unanticipated operational or technical
difficulties, changes in laws or regulations, the risks
of obtaining necessary licenses and permits, changes in
general economic conditions or conditions in the financial
markets and the inability to raised additional financing.
Readers are cautioned not to place undue reliance on this
forward-looking information. The Company does not assume
the obligation to revise or update this forward-looking
information after the date of this release or to revise
such information to reflect the occurrence of future unanticipated
events except as may be required under applicable securities
laws. The TSX Venture Exchange does not accept responsibility
for the adequacy or accuracy of this release.
The TSX Venture Exchange has in no way passed upon the merits
of the transaction and has neither approved nor disapproved
the contents of this press release.