10.13.2004
Sahelian Goldfields Inc. (CNQ listed: symbol SAGE) is pleased to announce that it has closed the first tranche of payments pursuant to its previously announced option agreements under which Sahelian has the option to earn 100% interests in four properties: Pony Spur, Dike, Corridors and Sugarloaf in Nevada.
The payments included the issuance of 7.6 million common shares and payment of US $40,000 in cash to Richard Redfern. Full details of the properties and option agreements can be found in the Company’s Press Release dated October 4, 2004. Sahelian is a precious metals exploration and development company with properties in Ontario, Quebec, and Nevada.
The Company is building an exploration and development company with existing properties and through the acquisition of additional gold and silver properties in the Americas. There are 419,375,215 shares outstanding.
For further information, contact: Nigel Lees, President and C.E.O., or Allan Ibbitson, C.F.O.
Phone: 416-204-3170 Fax: 416-260-2243
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This release was prepared by management of the Company who takes full responsibility for its contents. The Canadian Trading and Quotation System Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.