Uranium Power Corp fka UPC

[Tackler]

Staccato to JV with Bell on Nevada claims exploration

Bell Coast Capital Corp BCP
Shares issued 25,146,979 Nov 26 close $0.35
Thu 27 Nov 2003 News Release
See (CAT) News Release
Mr. Robert Lipsett of Staccato Gold Resources reports
STACCATO & BELL COAST TO EXPLORE NEVADA TOGETHER
On Nov, 7, 2003, Bell Coast Capital had secured an elective option to
acquire an assignment of various interests in seven strategically located
mineral exploration properties located in Nevada.
Of the properties being acquired, four are located on the Battle Mountain
Eureka trend and three are located on the Carlin trend. To date,
assignments of interests in two of the seven properties have been received
and Bell Coast has further elected to receive an assignment on an
additional three properties.
As consideration for each property assigned, Bell Coast is required to make
annual payments of $55,000 (U.S.) per year and issue 82,500 shares of its
capital stock annually for four years. These cash and share payments relate
to a maximum of five properties even if Bell Coast elects to acquire all
seven properties.
Subject to delivery of the balance of the assignments elected to date and
regulatory approval, Bell Coast and Staccato Gold have agreed to jointly
develop the two claim blocks on the following basis:
With respect to the first block of claims involving two properties,
Staccato has agreed to pay 100 per cent of first year exploration costs,
and to pay 100 per cent of the cash and share consideration in the first
year associated with acquiring and maintaining the claims in order to earn
a 80-per-cent interest in the claims. For each property, Staccato will
issue and allot 82,500 shares of its capital stock for four years. In year
two and subsequent years, Bell Coast and Staccato will share cash costs on
a pro rata basis.
With respect to the second block of claims, involving three properties,
Staccato has agreed to pay 100 per cent off the first-year cash
consideration and 20 per cent of the exploration costs in order to earn a
20-per-cent interest in the claims. Bell Coast will issue and allot 82,500
shares of its capital stock for four years. In subsequent years Bell Coast
and Staccato will share cash costs on a pro rata basis.
Should Bell Coast and Staccato elect to acquire the remaining two
properties, they will jointly share maintenance and development costs to
each earn a 50-per-cent interest on a pro rata basis.
Further announcements will be made once this transaction has received
regulatory approval and has closed. This news release was prepared by the
board of directors on behalf of Staccato Resources, which is solely
responsible for its contents.