Termination of Option Agreement
Thursday 6th November, 2008
WHETSTONE ANNOUNCES TERMINATION OF OPTION AGREEMENT WITH RAINY RIVER COVERING WHETSTONE'S 9,792 HECTARE CLAIM BLOCK IN THE OFF LAKE AREA
Calgary, Alberta (TSX Venture: WMI), November 6, 2008 - Whetstone Minerals Inc. ("Whetstone") announced today that Rainy River Resources Ltd. ("Rainy River") has terminated its option agreement (the "Option Agreement") with Whetstone covering 42 contiguous claims aggregating 9,792 hectares of the extreme southern portion of Whetstone's Pipestone Project. The terms of the Option Agreement were disclosed in a joint press release issued by Rainy River and Whetstone (formerly Western Warrior Resources Inc.) on December 17, 2007. Rainy River advised that Whetstone's optioned property deserves additional exploratory work, however due to the current economic uncertainties, Rainy River has decided to focus its spending on expanding its gold resource in the Richardson Township area. Rainy River spent an aggregate of approximately $285,000 on the property prior to the termination of the Option Agreement.
About Whetstone: Whetstone is a Calgary-based, multi-commodity, mineral exploration company with 100% ownership of properties in Northwestern Ontario and Northern Manitoba. Whetstone's website address is www.whetstoneminerals.com.
For further information please contact:
Whetstone Minerals Inc.
Paul Nagerl, President and Chief Executive Officer
Phone: (403) 543-2595
Fax: (403) 543-2599
Email: pnagerl@whetstoneminerals.com
To be added to Whetstone's private email list, please contact info@whetstoneminerals.com.
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For the adequacy or accuracy of this release.
