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Olivut Resources Ltd.

11:51 AM EST - Olivut Resources Ltd. : said the analysis of regional airborne data for the HOAM project, located in the Northwest Territories, has defined numerous new target areas for follow-up with detailed, low level airborne magnetic surveys. Analysis is ongoing. Weather conditions permitting, airborne surveys will be undertaken over certain highest priority areas during the summer season. Olivut Resources Ltd. shares V.OLV are trading unchanged at $0.28.