Mansfield-Martin Exploration Mining, Inc. announced that it has entered into a joint venture and earn-in agreement with Tarku Resources Ltd. The parties' agreement requires Tarku to spend $3 Million (USD) over the next three years to explore mineralization on Tombstone Mining District properties held by MMEM, in exchange for which Tarku will earn a 75% interest in ownership. As part of the deal, Tarku assumed purchase money obligations due from MMEM's affiliates and will pay lease and claim bounties, rentals and other expenses relating to the claims and patent properties. MMEM will receive 3mm Tarku common shares as signing compensation, which will have leak-out restrictions, and will be paid $175,000 per year in cash and stock during the term of the Agreement.

MMEM anticipates using the proceeds from stock sales to commence development of its properties in Idaho and to complete its acquisition of Devonian Metals, Inc. The parties' Agreement segregates mine run and tailings on the MMEM properties and claims, establishing a joint venture for development with MMEM receiving a 50% carried working interest in any recoveries from On-the-Ground materials.