Magellan Gold Amends Silver District Option
Reno, NV --- Magellan Gold Corporation (“Magellan”) (MAGE: OTCBB) announced today the amendment of its option agreement (the “Agreement”) to acquire the Silver District from Columbus Exploration Corporation (CLX: TSX-V) (“Columbus Exploration”), formerly Columbus Silver Corporation. This amendment provides for the remaining option payments payable by Magellan to Columbus Exploration be deferred by one year, such that US$400,000 is now due on December 31, 2014 and a final payment of US$500,000 is due on December 31, 2015. In consideration of this change, Magellan has made a firm commitment