04:01 PM EST - Avnel Gold Mining Limited : and IAMGOLD Corporation are pleased to announce that they have entered into a joint venture arrangements agreement whereby IAMGOLD has the option to acquire up to an initial 51% interest in Avnel's 90% interest in the Fougadian Exploration Permit referred to below. IAMGOLD and Avnel are currently in the second year of the Option Agreement in respect of the large Kalana Exploitation Permit (387.4 sq. km) held by Avnel through its 80% interest in Société d'Exploitation des Mines d'Or de Kalana in south-west Mali. Avnel Gold Mining Limited
shares T.AVK are trading down $0.01 at $0.37.
