Announcement of long expected JV in two weeks. You have not seen anything yet!
SHAREHOLDER UPDATE
December 28 , 2010
Cerro Dorado, Inc. Management has now proceeded to the finalization stage of the Joint Venture Agreement (JVA) on the Alto de Lipangue property in Chile . A recent series of meetings conducted in both Miami, Florida, and Santiago, Chile has resulted in a conclusionary JVA encompassing all issues and legalities necessary, and legally required of each of the respective parties.
The caveat warning of the JVA finalization will be the actual receipt of the initial tranche of funding that is slated to be released on or before January 15, 2011 . The Company will then be released from various Non-Disclosure Agreements and full disclosure can then be made as to the complete terms and conditions among the parties to the Agreement. In preparation, the companies have initiated an early set up of the needed exploration and development program under the supervision of an internationally recognized company.
If all matters proceed as stated and planned, Cerro Dorado, Inc. will call for and host an Annual General Meeting for Shareholders that will be scheduled on or about the end of February, 2011.
May the Holiday Season bring to each of you and your families the happiest of Yuletide Festivities. We wish to extend to all our loyal shareholders our sincere gratitude for all your support throughout the past “difficult” year of trials. The Company is truly looking forward to “at last” being able to report major developments in the ensuing New Year.
Juan José Quijano Fernández
Note: This News Release may contain certain "forward-looking statements" within the meaning of the United States Securities Exchange act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Cerro Dorado, Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future could differ materially form those anticipated in such statements. Important fators that could cause actual results to differ materially from the Company's expectation are disclosed under the heading "Risk Factors" and elsewhere in documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
