January 7, 2008 – Vancouver, British Columbia. Merit Mining Corp. (TSX-V: MEM) reports that a total of 10,300,897 warrants issued pursuant to a private placement dated December 12, 2005 have all been exercised prior to the warrant expiry date of January 4, 2008, at $0.11 per share, for total proceeds of $1,133,099. Of the total number of 10,300,897 warrants exercised, 76% were held by insiders of the Company.
Proceeds from the exercise of the warrants will be used by the Company for the ongoing development of its Greenwood Gold Project.
Merit Mining Corp.
Fred Sveinson, President & CEO
For further information please contact:
Fred Sveinson at (604) 694-2344
For Investor Relations Information Contact:
MarketSmart Communications (604) 261-4466
(Toll Free 1-877-261-4466)
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company’s expectations. Certain risk factors may also affect the actual results achieved by the Company.