MESA, Ariz., Oct. 6, 2010 (GLOBE NEWSWIRE) -- B2 Digital, Inc. (Pink Sheets:BTDG) announced today that it has been granted an Option to add 38 more mining claims in the Courville Township to the existing Joint Venture Agreement between both companies. The new claims are adjacent to the existing 4 large claims that were included in the NI 43-101Technical Report for Firma Gold's Courville property.
The 43-101 Technical Report includes various claims within the Courville Township property some of which are not currently owned by Firma Gold including those claims owned by Pershimco Resources. However Firma Gold does retain ownership of four of the largest claims that form part of the NI 43-101 Technical Report.
The NI 43-101 report covers certain claims on property located in the Courville Township, Abitibi Quebec, Canada and the report has been has filed at PinkSheets.com under "Financials - OTC Disclosure Supplemental Information September 30, 2010." A link to the relevant section is http://www.otcmarkets.com/stock/BTDG/financials.
B2 Digital is required to make two installments to secure the option to these claims with the final payment due on November 8, 2010 allowing for some limited due diligence to be undertaken. Upon the exercise of the option the 38 claims will be added to the existing Joint Venture Agreement under the same terms and conditions.
Under the terms of the Joint Venture Agreement entered into by B2 Digital, Inc. with Firma Gold Inc., B2 Digital, Inc. will immediately assume management control of these claims owned by Firma Gold in the Courviile Township as the Managing JV Partner. Additionally, B2 Digital will be responsible for funding the exploration, operation, and, if required, the disposition of the Firma Gold assets. In return, B2 Digital, Inc. will receive 90% of the net profit after deduction of any capital or operating costs incurred in their role as JV Managing Partner. Firma Gold will receive 10 percent of the net profit under terms of the Joint Venture Agreement.
About B2 Digital, Inc.
B2 Digital is dedicated to seeking acquisitions and joint ventures within the resource sector and in particular mining properties that contain gold and silver reserves. Management of its subsidiary has many years of experience in the exploration and operations of mining assets. B2 Digital is currently in the process of divesting itself of some of its technology assets. More information on B2 Digital can be found at: .
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risk and uncertainties, including but not limited to those detailed from time to time in the Company's filings with Pink Sheets.com. Mining projects are subject to numerous risk factors including changing regulations, volatile commodity prices, and other factors that may preclude production should commercially viable reserves be established on a property and exploration plans dependent on funding and approval of any required permits.
CONTACT: Atlanta Capital Partners, LLC For B2 Digital David Kugelman 866-692-6847