GONZAGA RESOURCES LTD. announced it has entered in to a binding Letter of Intent with Crosby Gold Ltd. pursuant to which Gonzaga will acquire 100% of Crosby's interest in, and option rights to the Goldenville Gold Project located in Guysborough County, Nova Scotia, along with three other gold properties in Nova Scotia. In connection with the completion of the Acquisition, Gonzaga intends to change its name to Osprey Gold Development Ltd. In connection with signing the LOI, Mr. Cooper Quinn, sole director of Crosby, has been appointed as President and a director of Gonzaga. The company also announced that Mr. Robert Clemens has resigned from the company's board of directors.