Letho Announces Signing of Letter of Intent to Acquire Interest in Namibia Oil & Gas Licenses

Abstract

(Marketwired - June 27, 2014) - Letho Resources Corp. ("Letho" or the "Company") (TSX VENTURE:LET) is pleased to announce that it has signed a letter of intent with Incan Energy Inc. ("Incan") whereby the parties have agreed to negotiate the definitive terms of an agreement for Letho to acquire all of Incan's working interest in certain Namibian Onshore Oil and Gas Licenses (the "Namibian Licenses"). Incan currently owns a 35% interest in six Namibian Licenses located within the Owambo Basin and a 33% interest in one additional Namibian License located in the Waterberg Basin. The total area of the Namibian Licenses is nearly 47,000 km2.