Cadman Resources Inc announces that the Company is currently in negotiations with Shenba Resources Holdings Limited a Hong Kong based company with an option to develop the Mbozi Copper Project in Tanzania. The Project consists of two Prospect Licenses for two adjacent concessions totaling 232.86 square kilometers. The Project is located in the Mbozi District of the Mbeya Region in the United Republic of Tanzania. The Company is commencing its due diligence review with the intention of entering into a Letter of Intent with Shenba.

Recent Copper bearing rock samples taken by Shenba from within the Mbozi District have yielded assay results ranging from 20% to an excess of 50% Cu. This information is provided for reference purposes only. The prior mentioned results do not conform to the requirements of National Instrument 43-101 and should not be relied upon for any other purposes.

The Company cautions that a qualified person has not yet completed sufficient work on the Mbozi Copper occurrences to confirm the above noted assays. This information should not be relied upon on as an indicator of actual resource or reserve estimates, and should be construed only as conceptual in nature.

Source - Cadman Resources

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