Green River Gold Corp. announced that it has entered into a letter of intent with 1070923 BC Ltd. to form a limited partnership pursuant to the laws of the Province of British Columbia to be named `Green River Gold Industries LP' Each of the Company and 1070923 BC will own 50% of the issued units of the Partnership. 1070923 BC will contribute mining manufacturing inventory and equipment to the Partnership in exchange for its units and a promissory note from the Partnership. The Partnership will continue the existing business of 1070923 BC, which includes the manufacturing of mining equipment and general welding and mechanical maintenance services. Pursuant to the Letter of Intent, until the transactions contemplated therein are completed, 1070923 is permitted to use the Company's logo and the name "Green River Gold Industries" in the operation of its business.