ValGold Resources Ltd. (TSX VENTURE:VAL)(FRANKFURT:VR2) ("ValGold") is pleased to report that it has revised the binding letter agreement (the "Option Agreement") with Revolver Resources Inc. ("Revolver") for ValGold's 100%-owned Tower Mountain gold property in north western Ontario. The Option Agreement was previously announced in a news release dated September 19, 2012. The revised agreement is subject to TSXV approval.
All other terms of the Option Agreement as disclosed in the September New Release remain unchanged.
Revolver has completed an updated National Instrument 43-101 report on the Tower Mountain Property which will be filed with the TSX Venture Exchange and posted on SEDAR once acceptance has been received for the transaction.