Angus Mining (Namibia) Inc. ("Angus" or the "Company") (TSX VENTURE:ANA), in partnership with Forsys Metals Corp. ("Forsys") (TSX:FSY), is pleased to announce the full renewal of Exclusive Prospecting License 3195 ("EPL 3195") relating to the Ondundu Gold Project in Central Namibia, and the establishment of a partnership with a local, empowered Namibian corporation.

The Namibian Ministry of Mines and Energy granted the renewal of EPL 3195 for a period of two years, ending May 30th 2013. The license requires Forsys and Angus to incur development expenditures of Namibian $32,850,000, or approximately Canadian $ 4,670,000 during that period.

Angus has completed the expenditures required to earn an initial 50.1% stake in the Ondundu Property, and expects to exercise this option in the third quarter of 2011. Angus has the option to acquire an additional 24.9% interest in the project by incurring an additional C $6,000,000 in exploration expenditures by November 6th, 2012.
Angus and Forsys are also pleased to announce the formation of a local partnership with Minden Investments Ltd. ("Minden"), an empowered Namibian corporation.China company incorporation and Hong Kong company incorporation appeal to investors and entrepreneurs looking for a China Company Formation corporate vehicle to conduct international business. The partnership with Minden was formed to facilitate the direct participation of the Namibian community in the development process of the Ondundu Project, and to provide the Namibian community with a means by which to benefit directly from the project.You've got a great business idea, and you're ready to hong kong taxation in China. But where? How about setting up an office in Shenzhen? Through the creation of a joint venture agreement, Minden has been granted an option to earn up to a 10% stake in the Ondundu Project.Angus Mining (Namibia) Inc. is a Canadian based precious metals exploration company focused on developing the Ondundu Gold Project in West-Central Namibia via a joint venture agreement with Forsys Metals Corp. The Company's goal is to deliver superior shareholder returns by identifying, acquiring and developing high quality assets in a safe and socially responsible manner. Angus Mining is committed to providing economic and social benYou can get your evening dress designed accordingly to your desire and wish. And secondly you will save a major part of your budget and put it to some better use.efit to the Namibian community through the responsible development of mining assets in the Country.