The Company (BMK) reports that it has signed a mining claims acquisition agreement with Temex Resources Inc. (TSX VENTURE:TME) ("Temex") to acquire all of the joint venture property interests it holds with the Company and Noble Mineral Exploration Inc. (TSX VENTURE:NOB) ("Noble") in the James Bay Lowlands - Ring of Fire area.


In order to acquire the property, the Company will issue 40,000 common shares and 20,000 common share purchase warrants. Each warrant is exercisable at a price of $0.30 per common share and will expire 2 years from the date of issuance. All securities to be issued are subject to a hold period of four month and one day from the date of issuance. Closing of this transaction is conditional upon receipt of all required regulatory approvals, including that of the TSX-V.


In combination with the Noble property acquisition noted in the Company's press release dated June 29, 2012, this acquisition provides the Company with a 100% interest in all of the related joint venture properties.