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Golden Reign Acquires Remaining 20% Interest in San Albino-Murra Gold Property

Golden Reign Resources Ltd. (GRR.V) announced that it has completed an agreement to acquire the remaining 20% interest its flagship San Albino-Murra Gold Property, Nicaragua.

The company has been actively working towards acquiring a 100% ownership stake in the highly-prospective property since late 2011. In spring 2012, Golden Reign completed its earn-in of an initial 80% interest in the property approximately 1.5 years ahead of schedule.

The company has the right to purchase the 20% interest in the property by making cash payments totalling US$650,000 and issuing 2,100,000 common shares from its treasury over a period of 12 months.

The agreement is subject to regulatory acceptance.

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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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