Arcturus agreement for interest in Colombian licences

The TSX Venture Exchange has accepted for filing documentation in connection with a letter agreement dated May 6, 2010, between Arcturus Ventures Inc. and Colombian Mines Corp. whereby the company will acquire a 90-per-cent legal and beneficial interest in three licences located in the department of Antioquia in the municipalities of San Roque, Cisneros, Santo Domingo and Yolombo, Columbia. The consideration is $27,000 (U.S.) and 100,000 common shares in the first year and a further 900,000 common shares upon the company obtaining a favourable feasibility study. The agreement contains an option to acquire the remaining 10-per-cent interest for $1-million (U.S.) and a 1-per-cent net smelter return royalty in favour of the vendor, exercisable at any time until 60 days after the company receives the favourable feasibility study.