Linkwell to acquire Metamining Nevada

Linkwell Corporation "Linkwell"(OTC:LWLL), a developer, manufacturer and distributer of disinfectant healthcare products in China, announced today it has entered into a definitive share exchange agreement with Metamining Inc. ("Metamining") to acquire  Metamining Nevada, Inc., ("Metamining Nevada") as a wholly owned subsidiary, in exchange for nine million shares of its newly issued Series C convertible preferred stock and three million warrants to purchase common stock.  After giving effect to a planned 1 for 200 reverse stock split, the Series C preferred is convertible into nine million shares of common stock, and the three million common stock purchase warrants are exercisable for a period of five years from the date of issuance at $5.00 per share.

Metamining Nevada was established by Metamining, (http://www.metamininginc.com), and is a company engaged in the exploration, mining, and trading of iron ore. Metamining Nevada owns rights to approximately 4,500 acres of mining properties in Northern Nevada. Feasibility studies and a separate technical report based on past exploration and drilling data for one 640 acre section of the mining properties, prepared by a "Qualified Person" as defined by  National Instrument 43-101, indicate that this section may hold as much as 450 million tons of crude ore with 20-30% iron content, Those same reports also indicate that with additional exploration and drilling it can reasonably be expected to reveal resources on the order of 1 billion tons of iron ore on all of the mining properties of Metamining Nevada. 

In conjunction with the acquisition of Metamining Nevada, Mr. Song Qiang Chen, co-founder and Executive Chairman and Mr. Ling Li, co-founder and Director of Metamining Nevada were appointed as members of Linkwell's Board of Directors.  Mr. Chen and Mr. Li both have extensive experience in the management and development of mining properties, as well as in commercial trading of mineral commodities in both the United States and overseas.

Commenting on the acquisition, Mr. Xuelian Bian, CEO of Linkwell, stated, "We are extremely pleased to have entered into this agreement to acquire Metamining Nevada and enter into a new era for our company.  We are confident that this acquisition will become a tremendous long term growth opportunity for our company and we intend to work diligently to unlock the vast potential of these mining properties for our shareholders."