July 10, 2008
BOXXER GOLD CORP (“Boxxer”) (BXX: TSX-V) announces that the Letter of Intent (see news release dated June 26, 2008) for a proposed arm’s length business combination (the “Proposed Transaction”) including Teras Resources Inc., with a wholly owned subsidiary of Prize Mining Corporation has been jointly terminated by the parties.
About Boxxer Gold Corp.
Boxxer Gold is a Canadian junior resource company involved in the exploration of copper-gold porphyry and Iron-Oxide-Copper-Gold projects in the state of Nevada, and a shear hosted gold project located 110 kilometres north of Yellowknife NWT, Canada.
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