Northern Vertex, Kootenay get conditional OK for Copley

2011-01-07 15:00 ET - News Release

Also News Release (C-KTN) Kootenay Gold Inc

Mr. Joseph Bardswich of Northern Vertex reports

NORTHERN VERTEX UPDATES PROGRESS ON OPTION AGREEMENT FORCOPLEY GOLD PROPERTY IN NECHAKO PLATEAU AREA OF BRITISH COLUMBIA

NorthernVertex Capital Inc. has received conditional approval from the TSXVenture Exchange regarding the previously announced letter agreement(see Stockwatch news release dated Nov. 15, 2010) with Kootenay GoldInc. whereby Northern Vertex has the right to earn an undivided60-per-cent interest in the Copley gold property located in the Nechakoplateau of central British Columbia in exchange for issuing a total of800,000 common shares of Northern Vertex to Kootenay and financing$2.2-million of exploration expenditures on the property within afour-year period. The transaction is subject to approval by the TSXVenture Exchange. Northern Vertex is responding to additionalinformation requested by the TSX-V and will remain halted until finalapproval is received.