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BNP Resources Inc. (BNX-A.V), which is trading near year lows, announced that it has completed a share for debt deal with three "Creditors" totaling approximately $24,043.25. The debt obligation relates to services rendered to BNP by the creditor's.

Under the shares for debt settlement BNP will issue approximately 400,721 Class "A" shares to the creditor's at a price of $0.06 per Class "A" share. The settlement constitutes full satisfaction of the $24,043.25 debt obligation that is owed by BNP to the Creditor's. Upon issuance of the Class "A" shares to the Creditor's, the debt owed the Creditor's and obligations of BNP related to the debt deal will be fully extinguished. The shares upon issuance are subject to a four month hold period.

The above agreement is subject to final approval of the TSX-Venture Exchange.

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