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NPN INVESTMENT GROUP INC ANNOUNCES ARIZONA ACQUISITION
October 30th, 2007, VANCOUVER, B.C. – NPN INVESTMENT GROUP INC. (“NPN” or the “Company”) (NPN-TSX: V) announces it has agreed to acquire an option to purchase the Silver-Gold prospect known as the “Chloride property” located in Arizona from Like Minded Exploration Partnership, an arm’s length company based in Tucson, Arizona. The property consists of 109 federal lode claims over roughly 2100 acres and is located approximately 80 miles southeast of Las Vegas, Nevada, and about 20 miles north of Kingman, Arizona, just off of U.S. Highway 93.
Bonanza silver and gold bearing quartz veins were discovered near the present town of Chloride, Arizona, which is approximately 1 mile from the Chloride property, in 1863. The Mineral Park porphyry copper- molybdenum deposit now being operated by Mercator Minerals Ltd. is located approximately 3 miles southeast of the Chloride property.
The Company believes that significant potential still exists in the district for undiscovered precious and base metals bearing veins, particularly in the shallow pediment covered areas of the Chloride property.
The Company is planning a soil sampling program to begin shortly along with geologic mapping to better define drill targets. A track mounted core drill belonging to Altar Geologic Services has been secured for drilling. The property is accessible by paved highway.
The contents of this news release were prepared by Marvin Mitchell, P. Eng., who is a qualified person for this project as defined by National Instrument 43-101.
The terms of the option call for aggregate compensation payable by NPN to Like-Minded Exploration of $515,000 USD cash over 5 years and a total of 480,000 common shares over 3 years. Additionally the terms include an NSR of 2% to Like-Minded Exploration with a provision for the Company to buy back 0.5% for $1,000,000 USD. There is no finder’s fee payable by the Company on this transaction.
This transaction is subject to acceptance for filing by the TSX Venture Exchange.
For further information we invite you to visit us at www.alixresources.com.
NPN is a junior mineral exploration company seeking out and acquiring prospective properties in North America.
ON BEHALF OF THE BOARD
Signed “Michael England”
Michael England, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Toll Free: 1-888-945-4770
The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.