December 6, 2006
Raymond, Alberta - American Creek Resources Ltd. (“American Creek”) (TSX Venture: AMK) is pleased to announce that it has entered into an option agreement with two arm’s length vendors to earn a 100% interest in three prospective gold properties adjacent to American Creek’s Empire and Bullion Projects, located 45 km north of Kamloops, British Columbia. To exercise the option, American Creek must pay a total of $75,000 and issue 210,000 common shares of American Creek (“Common Shares”) over a period of four years. The vendors will retain a 25% bulk sample NSR royalty and a 3% NSR royalty. The NSR royalties can be purchased by American Creek in 1/3 increments by payment of the sum of $350,000 for each 8.333% bulk sample NSR royalty and 1% NSR royalty. The agreement is subject to approval by the TSX Venture Exchange.
The Goldmist claim group is adjacent to American Creek’s Bullion Project and consists of 10 claims covering approximately 3,105 hectares. The property hosts several high grade gold and base metal showings including surface pyritic quartz veins with visible gold. Several large soil geochemical anomalies have also been defined on the property.
The Austruck-Bonanza claim group is located adjacent to American Creek’s Empire Project and is contiguous with the Bonaparte Gold Mine. The property consists of 27 claims covering approximately 3,983 hectares. Highlights of historic drilling on the Bonaparte property include 113.70 g/t gold over 0.87 metres, 84.21 g/t gold over 1.44 metres, 142.97 g/t gold over 1.2 metres, 321.22 g/t gold over 0.56 metres, and 115.41 g/t gold over 1.07 metres. An open pit was excavated on the Bonaparte property in 1994 and a 3700 tonne bulk sample was extracted grading approximately 26.5 g/t gold. Management believes that the Austruck-Bonanza claim group may be located along strike to the north and west of the Bonaparte discovery.
The Baub claim group is located within American Creek’s Bullion Project and consists of 4 claims covering approximately 650 hectares. The property contains known outcrops of the same intrusive rocks that host the high grade gold veins on the Bonaparte Property.
All three properties are easily accessible as there are numerous existing and proposed logging roads in the area.
American Creek Resources Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold and silver deposits, with 8 other projects in the Province of British Columbia, Canada.
The Common Shares trade on the TSX Venture Exchange under the symbol “AMK”.
Certain information contained in this news release constitutes forward-looking statements regarding the Corporation’s mineral properties. Forward looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate" ors statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the reasonable opinions and estimates of management of American Creek and are subject to a variety of risks, uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include: the inherent risks involved in the exploration and development of mineral properties, uncertainties involved in the interpretation of drill results and other geological data, fluctuating commodity prices, unforeseen permitting requirements, changes in environmental laws or regulations, the possibility of project cost overruns or unanticipated costs and expenses, weather conditions, the availability of contractors for equipment and services, the availability of future financing and general business and economic conditions. Such statements are also based on a number of assumptions which may prove to be incorrect, including assumptions about general business and economic conditions being accurate, the timing and receipt of regulatory approvals for projects and operations, the availability of financing, the ability to secure equipment and labour, and American Creek’s ongoing relationship with third parties. The foregoing factors, risks and assumptions are not exhaustive. Events or circumstances could cause actual events or results to differ materially from those estimated or projected and expressed in, or implied by, these forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. These forward-looking statements are as of the date they are made and American Creek disclaims any obligation to update any forward-looking statements, except as required by law.