ayn sells tally ho

Cove Resources Limited (ASX: CVE & CVEO) is pleased to announce that the Company has
entered into an agreement to acquire 100% of the Tally Ho and Mt Scott Projects from Alcyone
Resources Ltd (formerly Macmin Silver Limited).
The acquisition cost will be;
? The issue of shares to Alcyone Resources Limited to the value of $ 50,000 (based on the 30
day VWAP of Cove shares prior to the A.S.X. announcement of the Agreement) payable on
execution of the agreement.
? The issue of shares to Alcyone Resources Limited to the value of $150,000 (based on the 30
day VWAP of Cove shares prior to the ASX announcement of the extension) upon the
extension of the Tally Ho tenements for a period of not less than one year.
? Upon securing the extension Cove Resources Limited will take over all current and ongoing
environmental liabilities relating to the tenements up to an amount of $78,000.