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Abstract
William Hullah, President of FTI Foodtech International Inc. ("FTI")(TSX VENTURE:FTI), announces that he has placed the company in a voluntary Halt Trade status to announce that on June 16, 2009 he signed a Letter of Intent (the "LOI") with Enermine Resources Corporation ("Enermine"), of Vancouver, BC., and Sedco Mining Corporation ("Sedco"), of Vancouver, BC. This LOI is regarding the proposed RTO of FTI by Enermine and Sedco (the "Acquisition"), as well as the financing of FTI.
The property is located approximately 92 kilometers southeast of the city of Cajamarca in the Department of La Libertad in north-central Peru and can be found on map sheets 15-H, "Bolivar" and 16-H, "Pataz". The 17 concessions comprising the Enermine property cover approximately 15,185.98 hectares and are located around the Rio Maranon in north-central Peru. The claims cover the extent of this new mineralized trend over nearly 26 kilometers of strike length. All of the concessions comprising the property are fully owned by White Rocks International S.A.C. ("White Rocks"). Enermine Resource Corp. ("Enermine") has agreed upon a 100% exclusive option for right, title, and interest in the concessions under an agreement with White Rocks. At the time of publication the concessions are granted petitorial (Concesion) status with the Instituto Nacional de Concesiones y Catastro Minero and its affiliate, Instituto Geologico Minero y Metalurgico. East of the Rio Marinon the claims also require INC (Institute of National Culture) or archeological approval for drilling. In the location of the initial area of interest archeological studies have been completed and only minor areas of archeological occurrences have been located with a report being filed and approvals pending.