Vancouver, British Columbia – Parlane Resource Corp. (TSXV:PPP) (“Parlane” or the “Company”) announced that it has given notice terminating its option agreement to earn a 100% interest in the Mercedes Property located in Hermosillo in the state of Sonora, Mexico. (See press release dated February 22, 2011.)
Parlane retains no interest in the Mercedes Property and will concentrate its resources on the Big Bear Project located in the prolific Omineca Mining Division of British Columbia.
ON BEHALF OF THE BOARD
Signed “Robert Eadie”
Robert Eadie, President, Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Contact: Robert Eadie