Feb 11 (Reuters) - Kenadyr Mining Corp KEN.V :
* KENADYR MINING ENTERS LETTER OF INTENT FOR PROPOSED JOINT VENTURE WITH GOLD MOUNTAINS ASSET MANAGEMENT LIMITED, A 100% OWNED SUBSIDIARY OF ZIJIN MINING GROUP LTD.
* KENADYR MINING CORP - KENADYR WOULD GRANT TO GOLD MOUNTAINS AN EXCLUSIVE AND SOLE OPTION TO ACQUIRE UP TO A 50% INTEREST IN BORUBAI PROJECT
* KENADYR MINING - GOLD MOUNTAINS TO HAVE RIGHT BUT NOT OBLIGATION TO FUND/DIRECTLY INCUR NOT LESS THAN $10 MILLION IN EXPLORATION EXPENDITURES ON PROJECT