Trimax Corporation (TMXN)

[di4]

Trimax Corporation Sells Sonora Claims to Hawk Uranium Inc. of Toronto
Jun 1, 2009 9:00:00 AM


Email Story Discuss on ZenoBank

View Additional ProfilesSCOTTSDALE, ARIZONA -- (MARKET WIRE) -- 06/01/09 -- Trimax Corporation (OTCBB: TMXN) ("Trimax"), Robert S. Stewart (Chairman and CEO) and Reginald Olson (Secretary Treasurer) are pleased to announce that Trimax has entered into a binding letter of intent ("LOI") with Hawk Uranium Inc. (TSX VENTURE: HUI)(FRANKFURT: HPM) ("Hawk") and Exploraciones San Bernardo S.A. de C.V. ("San Bernardo"), regarding Hawk's proposed acquisition of a 100% interest in mining claims referred to as "Raquel 2 - 9,451,575 hectares, La Dura 8 - 100 hectares, La Dura 8 - 109 hectares, La Dura 5 - 90 hectares, La Dura 5 - 500 hectares", located in the municipality of Alamos, Sonora, Mexico (the "Sonora Claims").

Trimax and San Bernardo had previously signed a letter agreement whereby Trimax obtained the right to acquire a 100% interest in the Sonora Claims. Pursuant to the LOI with Hawk, Trimax agreed to terminate and release all interests it was granted by San Bernardo in the Sonora Claims. The parties intend to complete definitive documentation for the transaction, following which Hawk will acquire a 100% unencumbered interest in the Sonora Claims from San Bernardo (the "Transaction").

Under the LOI, Hawk has agreed to pay 15,000,000 of its common shares according to the following schedule:

a) at a closing to be held on or before July 31, 2009, 5,000,000 shares;

b) on or before 6 months following the closing, 5,000,000 shares; and

c) on or before 12 months following the closing, 5,000,000 shares.

Under the LOI, Hawk has undertaken to spend up to $50,000 on collecting and analyzing up to 2,000 rock-chip samples from the Sonora Claims. Upon receipt of the results of that exploration program (and in any case no later than July 31, 2009), Hawk will determine whether it wishes to acquire the Sonora Claims. The parties have agreed that all results of this sampling program will remain the property of Hawk, whether or not it determines to proceed with the acquisition of the Sonora Claims.

About the Sonora Claims

The Sonora Claims are located in the western foothills of the Sierra Madre Occidental, approximately 30 kilometers North-Northwest of the town of Alamos, in Sonora, Mexico. The project area is confined to the Eastern side of the Rio Mayo and extends East and West beyond the local municipality of San Bernardo, Sonora.

In a press release issued by Trimax on April 29, 2009 Trimax described the Sonora Claims as follows:

"The favorable geology consists of Granodiorite, which covers a larger portion of the Raquel 2 claim. The Granodiorite is the main source of epithermal gold, silver zinc and copper mineralization. Structures are in close proximity or part of the NW-SE Mojave Sonora Mega-Shear. Major shears and faults are crisscrossing the property. The most important shear directions are trending NW-SE and SSW to NNE. These well defined shears and faults zones act as mineral feeder systems as well as ore traps (see map below).

The Magnetic structures trend in WNW to ESE, NW to SE and E-W directions. The gold silver NWSE trends do not show up on the MAG. The WSW-ENE zinc and gold silver trend does show on the MAG survey as a broad MAG Zone. The E-W direction is more prominent and is evident at the Frontera Piedras Verdras Copper Mine towards the South."

A copy of that press release is available at http://www.trimaxcorp.net/news.html. A map of the Sonora Claims is available at http://media3.marketwire.com/docs/tmxn429.pdf.

South Sonora in the Alamos area mining district of Mexico is internationally renowned for its multi-metalic mining properties containing significant amounts of minerals, including gold, silver, copper, lead, zinc, graphite and tungsten. Mining records show that this area was first developed by the Spanish in the 16th century.

About Hawk Uranium Inc.

Hawk Uranium Inc. is a Canadian based junior mining company with a portfolio of diversified exploration projects at various stages of exploration and drilling, for Gold in N. Ontario, Uranium in N. Saskatchewan, Ontario and Quebec, and Nickel/Copper/PGM in the 'Ring of Fire' McFauld's Lake Area of N. Ontario.

More detailed information is available on the website at www.hawkuranium.com.

About Trimax Corporation

Trimax Corporation is a Nevada incorporated company having its principal offices in Scottsdale, Arizona. Previously, Trimax was involved in several projects specializing in new communication technologies. On April 20, 2009, Trimax entered into a letter agreement with San Bernardo to acquire the Sonora Claims. As part of the LOI with Hawk, Trimax would release all interests in those claims. More detailed information about Trimax Corporation is available at http://www.trimaxcorp.net.

The foregoing information may contain forward-looking statements relating to the future performance of Trimax Corp. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from Trimax's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by Trimax Corporation and securities regulators. Trimax does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:
Trimax Corporation
Robert S. Stewart
Chairman and CEO
480 778 8345
[e-mail]
www.trimaxcorp.net