Underworld agreement for Bear and Cub claims


The TSX Venture Exchange has accepted for expedited filing documentation of a letter agreement dated April 10, 2009, between Underworld Resources Inc. and 16406 Yukon Inc. (Tom Organ) whereby the issuer has acquired a 100-per-cent right, title and interest in and to the Bear and Cub claims at Thistle Creek located in the Dawson mining district in the Yukon.

The consideration payable to the vendor consists of cash payments totalling $135,000; total share issuances of 200,000 shares; and exploration or work commitments on the property in the amount of $1-million all payable over a four-year period.

The property is subject to a 2-per-cent net smelter return royalty upon commencement of commercial production.

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