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OPTION AGREEMENT by CatchMark Timber Trust, Inc  Form

OPTION AGREEMENT by CatchMark Timber Trust, Inc Form

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Hello I'm Dr David DeTata, Managing  Director of Strategic Energy Resources. Today we've announced to the market the  signing of an option agreement to sell   two early stage exploration  projects to Evolution Mining,   which are located nearby to Evolution's  operating Cowal gold mine in New South Wales.  The consideration for the two-year option  is three hundred thousand dollars cash,   and should Evolution choose to exercise the  option to purchase one or both tenements,   SER will receive one million dollars  cash per tenement. These projects were   identified and secured less than 18 months ago  and have incurred minimal expenditure to date.  The option for sale of these two projects is  consistent with our strategy of generating   valuable exploration projects which can be  divested to fund our greenfields exploration,   focused on the undercover extensions  to known mineralized terrains.   To see the full announcement, follow

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