Origen Resources Inc. announced that it has signed a Definitive Agreement whereby it has entered into an option to acquire a 100% interest in the 7,875 ha Middle Ridge Property located in Newfoundland's renowned Exploits Subzone Gold Belt from a private vendor. This large property (7,875ha) occurs near a major deep crustal fault that potentially has tapped gold bearing hydrothermal fluids and provided a plumbing system towards the surface. Gold, silver and base metal lake sediment anomalies identified by Noranda in the 1990s suggests a fertile gold environment. New Found Gold's (TSXV-NFG) extensive land package containing their exciting Keats Zone gold discovery on the Queensway Project lies approximately 50 km to the north of the property. Between 1970-1971 Noranda Exploration carried out an airborne electromagnetic and magnetic survey followed up by some ground geophysics and drilling on a portion of the property. The exploration program was targeting Cu-Zn-Pb Volcanic hosted massive sulphides. Two diamond drill holes were drilled on the property one of which contained a number of sulphide rich quartz veins that were never assayed. The Company's geologists are continuing to compile the data from the newly acquired assets with the goal of planning and implementing an exploration program for this year. The Company hopes to conduct a search for the historic core prior to the onset of winter and if intact sample the core with specific attention to the unsampled sulphide rich quartz vein intervals. Gold deposition in the Exploits Subzone is found in secondary and tertiary structures crosscutting siliciclastic sediments bounded by the Gander River Ultramafic Belt (GRUB line). The Exploits Subzone is a large, tectonically defined region within the Dunnage Zone in central Newfoundland. The Exploits Subzone is characterized by where the volcanic and sedimentary rocks of the Dunnage Zone are in structural contact with sediments of the Gander Zone along the GRUB line. The GRUB line is a major thrust fault and marks a zone of multiple faults and shears containing dismembered ophiolitic (ultramafic) rocks. The property skirts, and overlaps a felsic porphyry unit which in the past was the focus of VMS exploration. Several structural windows of younger, folded, sedimentary rocks (Gander Group) consisting of conglomerate, graphitic black slate, grey siltstones and sandstones are present. The Company can purchase a 100% interest by paying a total of $116,000 in cash, issuing 1,100,000 shares and incurring $750,000 in exploration over a 4 year term. The Vendor will retain a 2% NSR of which a 1% can be purchased for CAD$1,000,000.