VANCOUVER, British Columbia, April 11, 2006 (PRIMEZONE) -- Action Minerals Inc. (TSX-V:ATM), the "Company", is pleased to announce that its information will be made available via Standard & Poor's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor's Advisor Insight. Action's information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings. Standard & Poor's Advisor Insight is an Internet-based research engine used by more than 100,000 investment advisors. A public version of the site is available at www.advisorinsight.com. In addition, information about Action Minerals will be available via S&P's Stock Guide database, which electronically delivers key investment information to hundreds of thousands of investment professionals via ADP, Reuters Bridge and virtually all major quote vendors. As part of the program, a full description and ongoing coverage of Action Minerals Inc. will also be published in the Daily News section of Standard Corporation Records, a recognized securities manual for secondary trading in approximately 37 states under the Blue Sky Laws.
On March 16, 2006, the International Copper Study Group reported that "the market balance is expected to remain relatively tight over the course of the year amid limited production growth and signs that demand is picking up outside China. In this environment, copper prices should be supported at relatively high levels during 2006." In addition, Credit Suisse First Boston said that demand will exceed production this year and that the deficit will be 200,000 tons.
Action Minerals has more than 28,000 hectares under option in the Trident Copper Project. Trace element geochemistry and the presence of "IRON OXIDE/COPPER/GOLD/COBALT/ breccias" suggest the presence of large copper/gold deposits as being IOCG, Bonnet Plume or Olympic Dam model.
The Company has a 50% interest in the Neil Vein, which has been traced over a strike-length of 1,185 meters and a vertical extent of at least 580 meters. The Company also has a 50% interest in the Sox Property, which contains plus or minus 10 vein systems. From sampling by Dr. S.H. Ward, P.Eng. of Chapman Wood & Griswold Ltd., the John vein assayed 5.57% copper over 2.5 meters, the Janet vein assayed 4.61% copper over 1.0 meter and a third parallel vein assayed 2.10% copper over 2.0 meters. The John and Janet veins appear to run for several hundred meters before joining to form a large, continuous structure. A selected sample (No. 5013) by J. Kowalchuk P.Geo. (2005) from the Janet Vein ran 18.9% Cu, 35g/T Ag and 0.295% Cobalt.
Company information distributed through the Market Access Program is based upon information that Standard & Poor's considers to be reliable, but neither Standard & Poor's nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.
For more information contact Reza Mohammed at (604) 839-7392 or at info@fannybay.com or by visiting the company website at www.actionminerals.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF ACTION MINERALS INC. "Reza Mohammed " Reza Mohammed, President and CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registrations is available.
Legal Notice Regarding Forward-Looking Statements.
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this release include statements regarding Action's plans and ability to perform exploration work on its mineral properties. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as (a) the inability to fund exploration activities (b) technical or political difficulties pertaining to exploring and developing the Company's mineral properties (c) the realization or feasibility of any mining operation (d) the adverse effects of weather or force majure on any proposed or actual exploration or mining activities (e) regulatory approval processes (f) changes in metal prices (g) changes with regard to the directors and management of the Company (h) any re-organization of the Company's shares through, but not limited to, consolidation, merger, joint-venture, acquisition or any transaction deemed necessary by the directors of the Company (i) the Company's ability to bring historic reserve/resource estimates/calculations to current standards and (j) other market conditions and risks detailed from time to time the Company's filings. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information, or otherwise. Prospective investors are cautioned that investing in the Company's shares should be considered speculative and high risk. Always consult a registered securities dealer or licensed financial planning agent before purchasing securities of any kind. Readers should also refer to the risk disclosures outlined in the Company's website: www.actionminerals.com.
The Action Minerals Inc. logo is available at:http://www.primezone.com/newsroom/prs/?pkgid=2537