[Marinir] {Disarmed} Beatrix (TSX-V: BXV) Acquires Five Graphite Occurrences in Ontario

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Tue May 22 21:29:39 CEST 2012


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http://www.beatrixventures.com/s/Home.asp 

Beatrix Acquires Five Graphite Occurrences in Ontario 

Beatrix Ventures Inc. (TSX Venture Exchange: BXV 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=BXV&region=C&lookup=symbol&snapshot=default 

) has entered into an option agreement with an arm's-length exploration 
and development company pursuant to which Beatrix has been granted an 
option to acquire a 100-per-cent interest in a portfolio of properties 
in Ontario containing 5 separate graphite occurrences. Each graphite 
occurrence has been located through government mapping, and several of 
the occurrences exhibit significant electromagnetic conductor features 
according to government geological and airborne survey maps. The 
portfolio contains 84 units of prospective ground in Ontario (the Savant 
Lake claims) (five occurrences). 

The Savant Lake claim group is located within the Patricia Mining 
Division, approximately 180 kilometres north of the town of Ignace. The 
Savant Lake claim group encompasses five historical graphite occurrences 
located by government geologists (from Ontario Geological Survey Map 
2442 Geol. Comp. Series). 

Beatrix will commence field visits to the occurrences immediately to 
ascertain the extent of each of the graphite occurrences. 

The terms of the option agreement between Beatrix and the optionor 
include cumulative cash payments to the optionor over four years 
totalling $80,000 and the issuance of 150,000 common shares of Beatrix 
to the optionor over a four-year period. If Beatrix exercises its option 
to acquire the properties and begins commercial production on any part 
of the properties, Beatrix shall pay to the optionor a royalty of 2 per 
cent of the net smelter returns provided, however, that Beatrix shall 
have the right at any time to purchase from the optionor one-half of the 
2-per-cent smelter returns production royalty in consideration for a 
one-time payment of the sum of $1-million. This transaction is subject 
to TSX Venture Exchange approval. 

The Company's geologist will immediately review all technical data 
available and propose an exploration program to evaluate the potential 
of these graphite claims. 

Mike Taylor, P.Geo., a director of Beatrix, is the qualified person 
responsible for the technical information contained herein as well as 
the design of technical programs for the properties. 

On behalf of: 

Beatrix Ventures Inc. 

For further information, please contact: 

Eugene Beukman 

President 

604.687.2038 or visit our website at www.beatrixventures.com 

http://www.beatrixventures.com 

This release includes certain statements that may be deemed to be 
"forward-looking statements" within the meaning of the U.S. Private 
Securities Litigation Reform Act of 1995. All statements in this 
release, other than statements of historical facts, that address future 
production, reserve potential, exploration and development activities 
and events or developments that the Company expects, are forward looking 
statements. Although management believes the expectations expressed in 
such forward-looking statements are based on reasonable assumptions, 
such statements are not guarantees of future performance, and actual 
results or developments may differ materially from those in the 
forward-looking statements. Factors that could cause actual results to 
differ materially from those in forward-looking statements include 
market prices, exploration and development successes, continued 
availability of capital and financing, and general economic, market or 
business conditions. Please see our public filings at www.sedar.com 

http://www.sedar.com 

Neither the TSX Venture Exchange nor its Regulation Services Provider 
(as that term is defined in the policies of the TSX Venture Exchange) 
accepts responsibility for the adequacy or accuracy of this release. 

For more information about this service, please see: 
www.infostockbiz.com 

http://www.infostockbiz.com 

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