INV Metals Completes Sale of Thorne Lake
TORONTO, ON – November 17, 2011 – INV Metals Inc. (“INV Metals” or the “Company”) (TSX: INV) is pleased to announce it has completed the previously announced sale of its option to earn a 50% interest in the Thorne Lake, Ontario property (“Thorne Lake Option”) to Northern Superior Resources Inc. (“Northern Superior”) (TSXV-SUP). In exchange for terminating the Thorne Lake Option, INV Metals received $500,000 and 750,000 common shares of Northern Superior.
About INV™ Metals
INV™ Metals is an international mineral resource company focused on the acquisition, exploration and development of base and precious metal projects in Brazil, Namibia and Canada. Currently, INV™ Metals’ primary assets are: (1) its option to acquire an initial 50% of the Rio Novo property, located in Brazil, (2) its option to acquire an initial 50% of the Kaoko property, located in Namibia, and (3) its 100% owned Itaporã gold properties, located in Brazil. Please also refer to the INV™ Metals’ website at www.invmetals.com to view additional details relating to the properties.