10:40 AM EST - Excel Gold Mining Inc. : said it signed a non-binding letter of intent for the ownership of the Montauban II property. The letter constitutes Excel Gold's 100% acquisition of the Montauban II property in exchange for 5.75 million common shares of Excel Gold at 08 including 2.87 million warrants at 0.12 per warrant. The shares will be issued once the entire property as been transferred to Excel Gold. Excel Gold Mining Inc.
shares V.EGM are trading unchanged at $0.05.
