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Tuesday, 08/31/2004 12:08:29 PM

Tuesday, August 31, 2004 12:08:29 PM

Post# of 19037
Meep Meep: MR (Step 1 done)

Metallica Resources Reports Renewal of Construction and Operating Licenses from Municipality


TORONTO--(BUSINESS WIRE)--Aug. 31, 2004--Metallica Resources Inc. (AMEX:MRB - News; TSX:MR - News) is pleased to announce that its wholly-owned Mexican subsidiary, Minera San Xavier, S.A. de C.V. (MSX), has received a renewal of the construction and operating licenses from the Municipality of Cerro San Pedro for its heap-leach gold and silver project located in the State of San Luis Potosi, Mexico.


.. Continued discussions and information exchanges have been ongoing with SEDENA (Secretaria de Defensa National), the agency responsible for issuing the explosives operating permit. The receipt of the construction and operating licenses from the Municipality is expected to assist the company in its pursuit of the explosives operating permit.

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