Toron Inc. owns 53,547 acres as it closes the purc

Toron Inc. owns 53,547 acres as it closes the purchase of 140 claims in the Val Dor area of Quebec
Date : 04/19/2012 @ 8:15AM

Toron Inc. (OTCBB: TRON.OB - News) - (The Company) is pleased to announce that on April 16, 2012 it closed on the purchase of 140 claims in the Val Dor area of Quebec. The claims were acquired for a cash payment of $20,000 and the issuance of 5,000,000 common shares of Toron Inc. With the acquisition of these 140 claims and the already existing 255 claims,Toron now has a total of 395 claims that it owns outright; covering 53,547 acres. This gives Toron a very substantial land position in the Val Dor mining region of Quebec.

The acquisition of the 140 claims cover an area of 19,563 acres and are in a region that has seen extensive exploration work over the last 80 years. These claims are located in the southern-east part of the Abitibi Greenstone Belt of the Canadian Shield's Superior Province. The properties are located approximately 40 km northeast of the mining centre of Val Dor, Quebec. The properties are located mainly in Tiblemont and Senneterre townships, with some claims in Courville and Pascalis townships.

To the west of, and immediate neighbor to the Tiblemont Gold Property, is the large mining property (Courville Gold Project) held by Pershimco Resources Inc. (TSX-VRO.V - News) (FSE:BIZ.F - News). On 28 October 2011 Pershimco Resources Inc. and Osisko Mining Corporation (T-OSK) announced that they received final approval from the TSX Venture Exchange in connection with a previously announced (11 October 2011) option and joint venture agreement on the Courville Gold Project. Under the terms of the Agreement Osisko Mining Corporation can earn a 51% interest in the joint venture by investing $20 million in exploration over a 5-year period. Pershimco Resources Inc. also grants to Osisko a second option to earn an additional 19% interest on or before the seventh anniversary of the Agreement, either by spending an additional $19.0 million Canadian dollars in exploration expenditures or by funding a feasibility study