Mayen Minerals Announces Termination of Option and Joint Venture Agreement

MAYEN MINERALS LTD. (TSX VENTURE:MYM) (the "Company") announces that the
optionors have terminated the option and joint venture agreement (the "Ensenada
Property Agreement") for the Ensenada Property as such transaction is more
particularly described in the Company's news release of October 15, 2010. The
Company is negotiating with the optionors to seek an extension to complete the
Ensenada Property Agreement but there can be no assurance that the Company will
be able to obtain such extension on favourable terms or at all.


About Mayen Minerals Ltd.

Mayen is a Canadian junior exploration company focused on the acquisition,
exploration, and development of precious and base metal deposits in Mexico. The
Company is listed on the TSX Venture Exchange under the symbol MYM.


ON BEHALF OF THE BOARD

Dennis A. van Dyke, President, Chief Executive Officer and Director

Rift Basin Resources Corporation (TSXV:MYM)
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