Trueclaim Exploration Inc. announced it has entered into a joint venture agreement with Northern Sphere Mining Corp. for a joint venture project on Trueclaim's Scadding Gold Property. Under the terms of the agreement, Northern Sphere has earned an 80% interest in the Property and has paid Trueclaim $75,000.

Northern Sphere has the right to earn up to a 90% interest in the Property by developing the Property into gold production. Northern Sphere may purchase the remaining 10% interest for a purchase price of $2,000,000. The company is working with Northern Sphere's mining team to create a plan to develop the Property to gold production.

The mine on the Property was last in operation in the late 1980's and produced approximately 30,000 ounces of gold from 140,000 tons of ore at a head grade of 7.2 grams/ton. The mine has an adit in place, power to site and a mine closure plan on the existing tailings. Northern Sphere is focused on the development of mining assets, with an emphasis on near term production opportunities.

Management believes that the joint venture and the Property are aligned with the company's objectives.