Aethon Minerals Agreement To Acquire the Llanos De Llahuin Project

TORONTO, ON - Aethon Minerals Corp. has entered into an option agreement through its wholly-owned subsidiary, Aethon Minerals Chile SpA, to acquire a 100% interest in the Llanos De Llahuin project in Chile. 

The Project, located in Chile's Region IV close to the city of Illapel, is approximately 250 km north of Santiago and is situated in a region with excellent access and existing infrastructure.  Numerous underground copper mines are located in the area and the Llanos project is considered to have potential for a substantial copper-gold-molybdenum porphyry body, together with associated higher-grade breccia and shear zone bodies.

Robert Davies, President and CEO of Aethon, said, "We are very pleased with the signing of the Option Agreement to acquire the Llanos copper-gold project, as we believe this transaction represents an excellent first step for the Company to further grow its exciting asset portfolio in Chile.  The Project appears to be highly prospective for the discovery of a buried porphyry copper deposit in a region which hosts several promising copper-gold projects nearby and benefits from having excellent infrastructure in place. The Company is well capitalized to initiate exploration on the Project, and to also continue to selectively pursue other attractive growth opportunities." 

The Company's first phase exploration program on the Project is expected to include detailed geological mapping, chip and channel sampling, together with ground magnetics and induced polarization surveys.  This program will help define drill targets for an initial 1,000 meters of diamond drilling which is expected to be conducted within the first six-month period. 

The Company's proposed initial drill program is expected to include four 250-meter holes, spaced approximately 300 meters apart, along an east-west line across the mineralized system. The final drill design will depend on results of detailed geological mapping, ground geochemistry and geophysical surveys. Following the Project's initial phase of the exploration program and the interpretation of results, the Company shall determine an appropriate second phase exploration program.