Niogold Mining acquiring 10 Quebec mining claims

Niogold Mining Corp (C:NOX)
Shares Issued 61,092,089
Last Close 2/7/2008 $0.215
Friday February 08 2008 - Property Agreement

The TSX Venture Exchange has accepted for filing an option agreement dated Jan. 31, 2008, between Niogold Mining Corp. and Jean Robert, whereby the company will acquire a 100-per-cent interest in 10 mining claims covering 340 hectares located in the Malartic township in the Abitibi region of Quebec.

Total consideration consists of $20,000 in cash payments and 200,000 shares of the company.

In addition, there is a 1.5-per-cent net smelter return relating to the acquisition. The company may at any time purchase 0.75 per cent of the net smelter return for $200,000 in order to reduce the total net smelter return to 0.75 per cent.

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