Badlands Resources options Rett property in Ontario

Mr. R. Dale Ginn reports BADLANDS ENTERS INTO AGREEMENT TO ACQUIRE RETT CLAIMS, THUNDER BAY, ONTARIO Badlands Resources Inc. has entered into an option agreement with an arm's-length party to acquire mineral claims located in Thunder Bay, Ont., and known as the Rett property. The property is located in the Onion Lake area of the Thunder Bay mining division, in Northwestern Ontario, approximately 31 kilometres northeast of the city of Thunder Bay. The property is composed of 91 contiguous unpatented mining claims covering 1,950 hectares and is accessible via Highway 527 and logging roads. Historic work in the surrounding district has outlined potential for platinum group metals, copper, nickel and rare-element pegmatites hosting lithium, tantalum and rubidium. Pursuant to the terms of the agreement, the company will issue to the optionor 200,000 common shares upon receipt of acceptance of the agreement by the TSX Venture Exchange. In the event the company issues a technical report in accordance with National Instrument 43-101 over any or all of the property that demonstrates "mineral resources" (as defined in NI 43-101) of at least 250,000 ounces of gold equivalent mineralization, the company will issue two million common shares to the optionor. The above transaction is subject to the acceptance of the TSX Venture Exchange. We seek Safe Harbor.