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JOURNEY RESOURCES CORP. COMPLETES SHARES FOR DEBT SETTLEMENT
10/2/2009 (BAYSTREET NEWSWIRE)
JOURNEY RESOURCES CORP.407 - 808 Nelson StreetVancouver, B.C. V6Z 2H2Tel: (604) 633-2442
NEWS RELEASE
October 2, 2009TSX-VENTURE: JNY
FRANKFURT: JL4
OTCBB: JNYRF
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JOURNEY RESOURCES CORP. COMPLETES SHARES FOR DEBT SETTLEMENT
Vancouver, B.C. - JOURNEY RESOURCES CORP. ("Journey" or the "Company") announces that the Company has completed the shares for debt settlement. The Company announced in its news release dated August 25, 2009 that it would be settling debt to certain creditors of the Company having an aggregate value of $481,003.75.
On closing of this transaction, the Company has issued a total of 7,620,075 shares to certain creditors to extinguish certain debts having an aggregate value of $381,003.75.
About Journey Resources Corp.
Journey Resources Corp. www.journeyresourcescorp.com is a mineral-exploration resource company trading on the TSX Venture Exchange (Symbol : JNY) the Frankfurt Stock Exchange (Symbol : JL4) and the OTC Bulletin Board (Symbol : JNYRF). The Company is currently exploring four advanced exploration-stage projects; the Vianey Mine Silver Project, the Musgrove Gold Project, the Silver Mountain Project and the Charay Gold Project. The Vianey Mine Project consists of concessions totaling 5,022 hectares in Guerrero State west of Mexico City, Mexico. The Musgrove Project is a prospect for a disseminated gold bulk-tonnage surface project similar to the Beartrack Mine, a nearby former gold producer. In addition, the Company recently purchased a 100% right, title and interest in and to certain mining claims comprising the Silver Mountain Property in Lima, Peru. The Silver Mountain Property is an advanced stage exploration property covering approximately 1,684 hectares, located approximately 75 kilometers east of Lima City and 50 kilometers south of Peru Copper's Toromocho property and Pan American Silver“s Morococha Mine. The Company also recently announced the acquisition of the Charay high-grade gold project in Sinaloa, Mexico.
ON BEHALF OF JOURNEY RESOURCES CORP.
"Jatinder (Jack) Bal"
JATINDER (JACK) BAL
President & CEO
JOURNEY RESOURCES CORP.
For further information on Journey Resources Corp., contact Jack Bal at (604) 633-2442, toll free 1-800-667-1442, e-mail jackbal@journeyresourcescorp.com, or visit our website at www.journeyresourcescorp.com.
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