09:55 AM EST - Lago Dourado Minerals : And GPM Metals Inc. responded to an announcement made by Goldeye Explorations on April 22, regarding 1,412 claim units known as the "East Block", which were staked by GPM surrounding the property known as the Weebigee Project. The Weebigee Project is the subject of an option agreement between GPM and Goldeye. Goldeye has contended that the Additional Interest has become part of the property comprising the Weebigee Project and has become subject to a 50/50 joint venture between GPM and Goldeye, all pursuant to the Option Agreement. As Goldeye did not make timely payment to GPM of its pro rata share of the costs of acquiring the Additional Interest as required, GPM disagrees with any such assertion that Goldeye has acquired, or has the right to acquire, any rights or interest in the Additional Interest. GPM and Lago further confirm that they are proceeding with the Proposed Sale as previously announced and will provide further updates in due course. Lago Dourado Minerals
shares V.LDM are trading unchanged at $0.10.
