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CENIT ACQUIRES ADDITIONAL CLAIMS IN THE RIVIÈRE DORÉ AREA

  //house-home.news-articles.net/content/2011/07/0 .. onal-claims-in-the-rivi-xc8-re-dor-xc9-area.html
  Published in House and Home on Tuesday, July 5th 2011 at 6:51 GMT by Market Wire
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TSX:V
Symbol: CNT
Shares Outstanding: 60,554,269

TORONTO, July 5, 2011 /CNW/ - Cenit Corporation (TSXV:CNT) has entered into two arm's length agreements with Mundiregina Resources Canada Inc. to acquire additional mineral claims in the Rivière Doré area located 85 kilometers southeast of Val d'Or, Quebec; subject to regulatory approval and closing.  In the first agreement, Cenit will obtain a 100% interest in 15 claims covering 871 hectares by issuing 200,000 shares and paying $42,000 to Mundiregina Resources Canada Inc.  In the second agreement, Cenit will obtain a 100% interest in 123 claims covering 7138 hectares by issuing 400,000 shares to Mundiregina Resources Canada Inc.  Across the two agreements, Cenit will acquire 138 claims covering 8010 hectares.  Cenit acquired its initial position in Rivière Doré in May 2011 with the acquisition of 120 claims covering 6956 hectares.

Cenit Corporation is a Canadian-based exploration company focused on base metal exploration. The company's primary objective is to explore highly prospective base metal projects, particularly copper, in order to meet the increasing global demand.

CAUTIONARY STATEMENT: Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws. Please see our public filings at [ www.sedar.com ] for further information.