Legend acquires prospective gold permit in Cameroon

Legend Mining Limited today announced that its 90% supictures of bauxite mining and machines used in the mining processbsidiary Camina SA has acquired the Tapare Gold Project from Cameroon General Mining SA (CGMSA).

Legend Managing Director Mr Mark Wilson said: “Legend is continually expanding its Cameroon database and in-country network. This gives us the ability to identify good prospects and secure them for future exploration opportunities. We are committed to our iron ore project at Ngovayang with the current drill programme in full swing. The gold project will be staffed and resourced by a new dedicated budget.”

Legend has paid USD 20,000 to CGMSA and the permit has been transferred to Camina. Legend then has until 1 July 2011 to carry out initial exploration programmes with provision for a further extension of three months. Upon the completion of these programmes to Legend’s satisfaction, a further payment of USD 130,000 and the issue of 5,000,000 Legend options exercisable @ AUD 0.08c per option on or before 30 June 2013 will be made to CGMSA.