Acquisition Agreement For Clearview Gold

VANCOUVER - American Pacific Mining Corp has entered into a definitive agreement, pursuant to which the Company will acquire all of the issued and outstanding common shares of Clearview Gold Inc, a private exploration company that is part of the NewQuest Capital company. The transaction further cements American Pacific as a premier exploration and development company, well-positioned to deliver results from three projects being aggressively advanced under strategic partnerships with well-respected major metal producers, as well as offer compelling organic growth from a highly prospective pipeline of 100%-owned mineral exploration projects.

“The strategic rationale of the transaction is compelling on many levels: it provides American Pacific shareholders with the opportunity to participate in an even more diversified portfolio, which includes three active exploration projects partnered with major mining companies—Rio Tinto, Dowa Metals and Mining and now Centerra—plus discovery exposure with a growing portfolio of highly prospective exploration assets in the western USA,” says Warwick Smith, CEO. “This private acquisition strengthens our position to create value for all stakeholders.”