TSX Venture

[howestreetbull]

KOK.v with mgmt ties to SD.v and a much tighter share structure I would expect mucho fireworks with this one...get long and hold on is my recco...hsb
Kokanee Options Prospective Property in Morogoro, Tanzania
Last Update: 12/6/2010 4:42:45 PM


VANCOUVER, BRITISH COLUMBIA, Dec 6, 2010 (Marketwire via COMTEX) -- KOKANEE MINERAL INC. (KOK)

The "Company" reports that, in conjunction with its experience and presence in Tanzania, it has optioned a prospective property in the Morogoro area of east central Tanzania.

The property consisting of 19.16 km(2) covers the immediate south extension of the zone identified on Sidon International's Morogoro MEG property. The same rocks that host the 1,500 m strike length of that zone continue on to the optioned property. The company is optioning the property from a company owned by the company's director.

Preliminary work has identified quartz veins and new artisanal workings on the Prospecting Licence (PL) that are less than 4 months old. The optioning company made an application for the PL and has received the Offer of Grant from the Ministry of Mines, the United Republic of Tanzania, and has initiated the PL issuance process by paying the preparation fee.

The property is being acquired from a private Tanzanian company for payments of $5 million and issuing 2.4 million shares and completing $5 million in exploration in the next 3 years.

This release has been reviewed by Glen Macdonald, P.Geo., the designated Qualified Person.

On behalf of the Board of Directors

Souhail Abi Farrage, President and Director

SOURCE: Kokanee Minerals Inc.

Kokanee Minerals Inc.
Abby Farrage
1 [phone]
Kokanee Minerals Inc.
John Ulmer
1 [phone]
[e-mail]
Kokanee Minerals Inc.
Head Office Address
809 27 Alexander Street,
Vancouver, BC; V6A 1B2

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