Broadway Gold Mining Ltd. announced that it has signed an Earn-In with Option to Joint Venture Agreement with Kennecott Exploration Company (“Kennecott”), part of the Rio Tinto Group, on its Madison copper-gold project located in the Butte Region of Montana. Under the terms of the Earn-in Agreement, Kennecott has an option to acquire a 55% undivided interest in the property by incurring exploration and related expenditures of USD 5 million within the first five years, including a minimum exploration budget of USD 1 million in the first year. If Kennecott exercises the first option, it may elect to earn an additional 10% undivided interest, for a total undivided interest of 65%, by incurring additional expenditures of USD 10 million within the following three years. If Kennecott exercises the second option, it may elect to earn an additional 5% undivided interest, for a total of 70%, by incurring additional expenditures of USD 15 million within the subsequent three-year period. Kennecott may elect to create the JV after exercising each option to earn-in. The initial exploration program applications have been submitted to the Bureau of Land Management, Montana.