MEGA PRECIOUS METALS ANNOUNCES GRADUATION TO TIER 1 OF TSX VENTURE EXCHANGE
Thunder Bay, Ontario
February 19, 2010 Shares Issued: 43,935,780
February 19, 2010 Shares Issued: 43,935,780
Mega Precious Metals Inc. (MGP:TSX-V) ("Mega") is pleased to announce that the TSX Venture Exchange has approved its application to graduate to Tier 1 of the TSX Venture Exchange. Mega will commence trading as a Tier 1 issuer on Monday, February 22, 2010. In connection with the graduation, Mega has filed on SEDAR a revised technical report with respect to its Blue Caribou Property in the Kitikmeot Region, Nunavut entitled "Technical Report on Inferred Resource Estimate on the Blue Caribou Property, Kitikmeot Region, Nunavut" prepared by G.A. Harron & Associates Inc.
Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Nunavut and the Yukon. Mega is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. Mega is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.
For further information and presentation material, please review the Mega website at www.megapmi.com.
For further information (including obtaining a copy of the early warning report filed under applicable securities legislation), please contact:
Mega Precious Metals Inc.
Jim Rogers, President and Chief Executive Officer
O: 807-766-3380
TF: 877-592-3380
Forward-looking Statements
Certain statements in this press release relating to the Company’s exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metal’s filings which are posted on sedar at www.sedar.com.
There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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