Gossan Resources Limited (TSX VENTURE:GSS)(Frankfurt/Freiverkehr & Xetra:WKN
904435) has closed the sale of its entire 66.3% equity interest in The Claims
Network Inc. (TCN) for a sale price of $1.5 million. 


TCN is a web-based enterprise engaged in providing the property and casualty
insurance industry with on-site claims reporting of losses, contents loss
valuations, and content claims software.


Under the terms of the sale agreement, a restricted cash escrow of $200,000 has
been established pertaining to specific contingencies.


Gossan Resources Limited is engaged in mineral exploration and development in
Manitoba and northwestern Ontario. It has a well-diversified portfolio of
properties hosting gold, platinum group and base metals, as well as the
specialty and minor metals, vanadium, titanium, tantalum, lithium, and chromium.
The Company also has a large deposit of magnesium-rich dolomite, the world-wide
rights to the Zuliani magnesium production process, and a silica frac sand
deposit. Gossan trades on the TSX Venture Exchange and has 33,140,400 common
shares outstanding.


For further information, please bookmark www.gossan.ca.

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