Cloudbreak Commences Drilling on its Ikiztepe-Sarp Property, NW Turkey

Abstract

Cloudbreak is earning a 65% interest in the properties, through an agreement with Valhalla Resources Ltd. ("Valhalla"), a private Cyprus based company. The properties are owned by a Turkish subsidiary of Anatolia Minerals Development Limited (TSX: ANO). To earn up to a 65% interest in the properties Cloudbreak must make property payments of $1.2-million (US), completing work expenditures of $5-million (US) and issuing 1.2 million common shares of Cloudbreak, over a 5 year period.