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Mar 18, 2013
Vancouver, BC - March 18, 2013. Reva Resources Corp. (TSX-V: RVA) ("Reva") and Newport Exploration Ltd. (TSX-V: NWX) ("Newport") announce that they have reached an agreement whereby Reva will receive a cash payment of $250,000 on account of $500,000 of deemed expenditures by Newport under the option agreement wherein Newport has the right to earn a 50% interest in Reva's Chu Chua massive sulphide deposit, located approximately 70 kilometres north of Kamloops, British Columbia, by incurring $1,070,000 of expenditures on the Chu Chua property by December 31, 2013.
Including the $500,000 deemed expenditures referred to herein, Newport has now incurred expenditures of approximately $610,000 towards the exercise of the option.
For further information respecting Reva, contact:
For further information respecting Newport, contact:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.