MCL McLaren Resources Inc

McLaren Resources Inc. ("McLaren" or the "Company") (CNSX:MCL)(FRANKFURT:3ML) is
pleased to announce it has signed a binding Letter of Intent with Timginn
Exploration Limited to earn a 60 percent interest in a past producing gold
property located in the heart of the Timmins Gold Camp and adjacent to
Goldcorp's Hollinger and McIntyre mines which have combined production of over
30 million ounces of gold to date. The property contains the favorable gold
mineralized horizon which was a source of production at both the Hollinger and
McIntyre mines. Exploration drilling will initially focus on targets between
surface and 300 metres deep on the favorable gold mineralized horizon that
trends along portions of the property. Drilling is planned to commence in 30
days.


Key Terms of Property Option Agreement

McLaren can earn a 50 percent interest in the property by incurring $2 million
dollars of exploration expenditure by April 30, 2015 and then McLaren can earn
an additional 10 percent interest by incurring an additional $2 million in
exploration expenditure by April 30, 2016 to earn a total 60 percent interest
for $4 million in total expenditure. See additional details of the terms in this
news release. 


Exploration Plan 

Company management has identified two initial areas for exploration drilling on
the favorable gold mineralized 95/63 flow contact horizon. 




1.  Historic records indicate good gold mineralization on the property close
    to where Hollinger Mine workings are situated up to and adjacent to the
    property boundary near the historic mine shaft situated mid way along
    the 2,000 meter length of the property. 

2.  Historic records indicate near surface gold mineralization on the north
    eastern part of the property where the 95/63 horizon is situated before
    trending onto McIntyre Mine property where the horizon is reported to
    have generated significant gold production. 



"The newly optioned property located next to two of the most productive gold
mines in Canada is an exciting development for the Company" stated Ivan
Buzbuzian, President and CEO of McLaren Resources Inc. 


Option Letter of Intent Terms



--  Spend $200,000 on exploration during the due diligence period with
    drilling to commence by December 2011, with results supporting a
    decision to move to the next option period by April 30, 2012. The
    parties will then enter into a definitive option agreement on standard
    industry terms acceptable to Timginn Exploration Limited. A proposed
    draft of the definitive option agreement was attached to the signed
    Letter of Intent. 
--  Spend a further $500,000 on exploration by April 30, 2013. 
--  Spend an additional $600,000 on exploration by April 30, 2014 
--  Spend an additional $700,000 on exploration by April 30, 2015 for an
    aggregate total of $2,000,000 to earn a 50% interest in the property. 
--  McLaren can earn as a second option an additional 10 percent interest by
    spending a further $2 million in exploration expenditure by April 30,
    2016. 
--  Upon exercising the second option and earning a 60 percent interest in
    the property, McLaren would propose to acquire the remaining 40 percent
    of the property by issuing shares of McLaren Resources Inc. to the
    shareholders of Timginn Exploration Limited. The number of shares to be
    issued to acquire the remaining 40 percent interest in the property
    shall be determined based on a third party valuation. 
--  Should McLaren earn a 50 percent interest and not pursue the second
    option to earn a 60 percent interest, then it is proposed that the
    property interest which is to be held in a wholly owned subsidiary would
    be spun out to shareholders of McLaren Resources and Timginn
    Exploration. 



To view the Property location Map, please visit the following link:
http://media3.marketwire.com/docs/TimminsProperty1.pdf.


About The Timginn Property

The Timginn property consists of 9 mining claims covering 238 hectares (588
acres) in the Tisdale Township in Central Timmins which hosts the favourable
gold mineralized horizon known as the 95/63 contact which trends onto the
adjacent Hollinger Mine (19.3 million oz), McIntyre Mine (10.7 million oz) and
Moneta Mine (150,000 oz) please see map below. There was brief production on the
property during the 1920's by the Consolidated Gilles Lake Gold Mine which
produced 15,000 ounces of gold and was an extension of the Hollinger ore zone. A
two compartment shaft was sunk on the property to a depth of 940 feet.  


To view the Property geology Map, please visit the following link:
http://media3.marketwire.com/docs/TimminsProperty2.pdf.


About McLaren Resources 

In addition to this announcement of the newly optioned property in the heart of
the Timmins Gold Camp, Mclaren operates and owns a 50 percent interest in the
former gold producing Blue Quartz mine property (see news release of April 21,
2011) located in the gold producing district 70 km east of the city of Timmins,
and is surrounded by several current and past gold producing mines. The property
consists of 25 patented mining claims, covering 400 hectares (4 square
kilometers) of Early Precambrian Geology, situated on gold mineralized
geological structures within the Abitibi Greenstone Belt. On August 8, 2011
McLaren expanded the size of the Blue Quartz property with the acquisition of a
100 percent interest in 8 contiguous mining claims totalling 260 hectares
situated on strike to the west of the Blue Quartz Mine property. The acquisition
more than doubled the mineralized strike length of the property. The Blue Quartz
property is located in the north central part of Beatty Township and is located
approximately 8 kilometers northwest of the producing Black Fox Mine, 12
kilometers northwest of the producing Hislop Mine and 14 kilometers northwest of
the former producing Ross Mine. 


To view the Regional Map, please visit the following link:
http://media3.marketwire.com/docs/TimminsProperty3.pdf.


McLaren Resources Inc. is a Canadian based junior exploration company engaged in
acquiring, exploring, and developing resource properties in Canada.


For more information visit our web site at www.mclarenresources.com or contact
Ivan Buzbuzian, President and CEO of McLaren Resources, at 416-203-6784 x 4850.


Certain statements contained in this press release constitute "forward looking
statements". These statements are based on current expectations of management,
however are subject to known and unknown risks, uncertainties and other factors
that may cause actual results to differ materially from the forward-looking
statements in this news release. Readers are cautioned not to place undue
reliance on these statements. The Company does not undertake any obligation to
revise or update any forward-looking statements as a result of new information,
future events or otherwise after the date hereof, except as required by
securities laws.


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