|March 22, 2010|
Focus Completes Formal Signing of Chúcara Gold-Silver Project Option
|March 22, 2010; Vancouver, Canada: Focus Ventures Ltd. (TSX-V: FCV.V) is pleased to confirm that it has completed the formal signing of the option agreement whereby the Company has been granted the right to earn up to a 90% interest in the Chúcara gold-silver project in north-central Peru (see Focus news release March 5, 2010).|
Pursuant to the terms of the agreement, the Company has made the initial cash payment of US$80,000 to the property owner, and issued to the owner 19,552 shares of the Company (having a value of US$20,000). The shares have a resale restriction until July 13, 2010.
About Focus Ventures
Focus Ventures is acquiring advanced, drill-ready projects in Peru. Backed by an experienced technical team of geologists and consultants, Focus's strategy is to identify and acquire former producing mines or un-tested gold properties that show potential to become new mines. For further information, please call 604-688-5288 or visit our web site www.focusventuresltd.com.
ON BEHALF OF THE BOARD
David Cass, President
Contact: Erin Ostrom / Ralph Rushton
Shares Issued: 28.9-million
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
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