Sara Creek Gold Corp. Enters Into MOU With Ophir Exploration Inc.

Thursday, Feb 04, 2010

LAS VEGAS, Feb. 3 /PRNewswire-FirstCall/ -- Sara Creek Gold Corp. (OTC Bulletin Board: SCGC) (the "Company") is pleased to announce that it has signed a Memorandum of Understanding ("MOU") for the purchase of Ophir Exploration Inc. ("Ophir"), an Alberta corporation, whereby the Company has agreed to acquire all of the issued and outstanding shares of Ophir in exchange for the issuance of 100,000 shares of the Company's common stock in aggregate to the shareholders of Ophir. The purchase by the Company is subject to a due diligence period of 30 days.

Under a Lease and Option Agreement, Ophir has the rights to earn up to a 100 percent interest in a 9,500 hectare property on the Guyana Shield near major gold discoveries.

Source: PR Newswire