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Amseco Exploration Terminates Option with Beaufield Resources on Urban Property

Beaufield Resources Inc. (BFD.V) has been informed by Amseco Exploration Ltd. (AEL.V) of Amesco's termination of its option to earn an interest in Beaufields 100% owned Urban property

In March 2010, Amseco entered into an option agreement to acquire an undivided 50% of Beaufield's 100% interest in the Property. Amseco had to spend $1,980,000 over a four year period ending in March 2014 to earn its interest in the Property. As a result of this termination, Amseco has earned no interest and Beaufield is the owner of 100% of the Property.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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