VANCOUVER, March 2 /PRNewswire/ - Focus Ventures Ltd. (TSX VENTURE: FCV.V) announces that it has terminated its Option Agreement on the Nueva California property, Peru.
Since the Company announced drill results from its second phase drill program in March 2010, management has been unsuccessful in finding a joint venture partner to continue exploration at the property. In view of this and an imminent option payment that would be required to keep the agreement in good standing, the Company has decided that the property be relinquished.
ON BEHALF OF THE BOARD
David Cass, President
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Focus Ventures Ltd. Actual results may differ materially from those currently anticipated in such statement.
SOURCE Focus Ventures Ltd.