Metals X Announces Acquisition of Georges Reward Project

Metals X advised that they have reached agreement with Northern Mining (79%) and Balagundi Pty (21%) to acquire the outright interests in E25/268 and the beneficial rights of MLA 25/357 covering the Georges Reward Project at Bulong in WA. The consideration is a cash sum of $4.5m. The Georges Reward Project is contiguous with the Cannon Project of Southern Gold with which the Company has a contract management and profit sharing agreement from the mining of the Cannon deposit which is due to commence in the ensuing months.