Britannia Mining Inc. announced that the company has executed a MOU with a gold investment holding company in the United Arab Emirates ("UAE"), to forge a partnership which will broaden Britannia's ability to fund, mine and trade precious metals. The MOU establishes a relationship between the Dubai and UK based firms, whereby the parties have commenced an evaluation of several acquisition targets and gold trading opportunities. This has been set with a view to enter into a number of joint venture arrangements along with sales and purchase contracts.

Britannia comes to the table with its Yukon gold projects in tow and a pipeline of operating acquisition targets as well as physical gold trading opportunities -- immediately demonstrating the company's ability to source and grow significant and valuable gold projects. With the Dubai firm already having related parties throughout the UAE, South America, Europe, as well as across the Arabian Gulf, Britannia's reach within Africa and North America provides both parties ample opportunity to expand into new territories.