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Address: 2200 - 200 Bay St
Toronto ON M5J 2J1
Phone: 416 306 6010
Fax: 416 214 9211
Website -
Warrant Symbol - MPM.WT
Number Trading - 1,235,000
Expiration Date - July 10, 2010
Cusip - 570655 11 8
Exercise Price - $10.25

Warrants called to trade news:
Markland AGF Precious Metals Corp. Closes Over-Allotment Option

Toronto, August 29, 2007 (TSX: MPM.UN) – Markland Street Asset Management Inc. (“Markland”) is pleased to announce that Markland AGF Precious Metals Corp. (the “Company”) has completed the issuance of an additional 120,000 units (the “Units”), each consisting of one equity share and one-half of an equity share purchase warrant at a price of $10.00 per Unit for total gross proceeds of $1.2 million. The issuance was pursuant to the exercise by the agents of their over-allotment option with respect to the Company’s recently completed initial public offering. Including the over-allotment option, the total gross proceeds raised by the Company is $24.7 million.
Effective as of the opening of trading on the Toronto Stock Exchange today, the Units, which have been trading as stapled units under the symbol MPM.UN, will separate into feely tradable equity shares and warrants under the symbols MPM and MPM.WT respectively. The warrants are exercisable on July 30, 2010 at an exercise price of $10.25.

The offering was made through a syndicate co-led by RBC Capital Markets and CIBC World Markets Inc., and included BMO Capital Markets., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Adams, Berkshire Securities Inc., Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Desjardins Securities Inc., Research Capital Corporation, and Wellington West Capital Inc.

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