March 24 (Reuters) - Xanadu Mines Ltd XAM.AX :
* ENTERED INTO AN EARN-IN AGREEMENT WITH JAPAN OIL, GAS AND METALS NATIONAL CORPORATION
* EARN-IN AGREEMENT TO SOLE FUND UP TO $USD7.2 MILLION IN EXPLORATION EXPENDITURE AT CO'S RED MOUNTAIN COPPER-GOLD PROJECT IN MONGOLIA
* JOGMEC TO SOLE FUND UP TO $USD7.2 MILLION OVER 4 YEARS IN EXPLORATION EXPENDITURE TO EARN A 51% INTEREST IN RED MOUNTAIN