McLaren Resources Inc. (MCL - CNSX, 3ML - FWB), announced that the Company has successfully completed its 50% earn in on the Blue Quartz Property located in East Timmins. McLaren acquired a 50% interest by making a $10,000 cash payment on signing on December 12, 2010 and by having met the $200,000 of exploration expenditure requirement by its drilling work on the property.

Mclaren Enters into Joint Venture Agreement with Red Mile Minerals Corp.

McLaren and Red Mile Minerals Corp. are also pleased to announce they have signed a letter of Agreement to form a Joint Venture on the Blue Quartz Property. McLaren shall issue 100,000 shares to Red Mile and become the operator of the property on standard industry terms. A definitive Joint Venture agreement is scheduled to be executed within 6 months.

Company Highlights

• Blue Quartz Property is located in the Beatty Township (Ontario) 73km East of Timmins
• Property is surrounded by numerous past and presently productive gold mines. Most notably the Black Fox mine (Brigus Gold), the Hislop mine (St Andrews Goldfields) and the Ross mine
• Recently acquired a 100% interest in 8 contiguous mining claims totalling 240 hectares located directly west of the Blue Quartz Property
• Recent Drill Results include: 63m of 1.21 g\t gold and 2m of 13.95 g/t gold

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