WestKam Gold Amends Option Terms of 1.66% Interest, Options Remaining 4.34% Interest
Acquisition will increase property ownership to 100%
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 30, 2014) - WestKam Gold Corp. (TSX VENTURE:WKG) (the "Company" or "WestKam") announces that, further to its news release of September 16, 2014, it has amended the terms of an option agreement to acquire a 1.66% interest on its existing seven claims of the 75%-owned Bonaparte Gold Property (the "Property"). The parties to the option and sale have agreed to amend the original consideration from 2,000,000 common shares to 2,250,000 common shares.
Additional 4.34% Interest
The Company also wishes to announce that that it has entered into a property option agreement to acquire the remaining 4.34% interest in the claims. In order to earn the remaining 4.34% interest, the Company must issue to the optionor 5,950,000 common shares.
The transactions are subject to the approval of the TSX Venture Exchange.
The Bonaparte Property consists of a total of eight claims, representing 2,461-hectares (6,081 acres) and is located approximately 35 kilometres north of Kamloops, British Columbia. The property is accessible by paved and well-maintained gravel roads.
About WestKam Gold Corp.
WestKam Gold Corp. is a Canadian gold exploration company focused on developing the Bonaparte Gold Project near Kamloops, British Columbia. Additional information can be found on the Company's website at www.westkamgold.com
ON BEHALF OF THE BOARD OF DIRECTORS
Matt Wayrynen, President
| WestKam Gold Corp. |
| Suite 900, 570 Granville Street |
| Vancouver, BC V6C 3P1 |
Forward looking statements: 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. This release contains statements that are forward looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward looking statements.
Contact
John Ulmer
Investor Relations
778.994.6453