ALCHEMIST MINING AMENDS TERMS ON TCHENTLO LAKE OPTION AGREEMENT, BRITISH COLUMBIA
Vancouver, British Columbia – (August 6, 2015) – Alchemist Mining Inc. (CSE: AMS) (“Alchemist” or the “Company”) announces that it has amended the terms of the option agreement (the “Amendment Agreement”) with Far Resources Ltd. (CSE: FAT) whereby Alchemist may acquire up to 80% undivided interest in and to 6 mineral claims, consisting of 2508 hectares, located in North-Central British Columbia, Canada, known as the Tchentlo Lake Property (the “Property”).
Under the terms of the Amendment Agreement, the Company’s requirement of $25,000 in exploration expenditures and the 150,000 common share issuance in the capital of the Company, due on or before one year from closing, has been eliminated. The Company’s second cash payment for $10,000 will be payable by August 10, 2015. All other terms of the option agreement will remain in full effect. Details of the option agreement and the Property are in the Company’s news release dated June 24, 2014 and in Far Resources Ltd.’s news release of the same date.
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On Behalf of the Board
Keith Anderson, Alchemist Mining Inc. (604) 786-7774