To the Shareholders and Private Placement Insiders
"NEWS RELEASE
October 31, 2011
MINA PASCUA IS OWNED BY JORGE LOPEHANDIA
Mountain-West Resources Inc. (the Company) is very pleased to announce that it is in the process of being registered to
the claim groups belonging to Jorge Lopehandia Cortes (Lopehandia). The
Company has been registered with the Mines Curator of Chile as to holding an Option to acquire 50% of the property.
The Company signed an Option Agreement on May 20, 2011. On August 2, 2011 the Company announced an extension
for completion of the second million dollar payment. This payment was completed on September 15, 2011. The Company
previously advanced approximately $950,000.00 to Lopehandia.
The Mines Curator in Chile has acknowledged the transaction and stands ready to register our Agreement. The Option
Agreement will be recorded when the Ministry of Foreign Affairs signs off on the translated agreement. This agreement
was legalized by the Chilean Consulate in Vancouver, BC on October 13, 2011. The optioned claims, namely Amarillos
Sur and Amarillos Norte, blanket the following areas of Chilean mining concessions located at Mina Pascua Chile with a
total of 8600 hectares (Amarillos Sur: 3400, Amarillos Norte: 5200).
1. AMARILLOS 1-3000, reported by Barrick Gold Corporation in 2011 allows Barrick to call Pascua their
concessions. It should be noted that “Barrick Gold Corporation has no registered ownership in its name over the
Mina Pascua portion in Chile”. The National Service of Geology & Mining ( SERNAGEOMIN, CHILE) shows
the Amarillos 1-3000 recorded as salts and nitrates concessions. This would prohibit any company from mining
gold or precious metals.
2. The TESOROS 1-30 to TESOROS DOCE 1-5 are also listed as owned by Barrick Gold Corporation in its 6K
form filing with the New York Stock Exchange – Securities Exchange Commission 2011. These claims have been
under judicial injunction since June 5, 2001 (C-1912-2001) by the 14th Civil Court of Santiago, Chile. This
injunction (2001-2011) is currently preventing its registered owner, Hector Unda Llanos from using or including
these concessions in any contract. In 2011, Lopehandia is registered as the legal holder of these concessions.
The Company wishes to announce that on the strength of the available due diligence and official data, it is resolved to:
a) complete its Mining Option with Lopehandia before the 60-day contracted time limit; and
b) prove to Barrick Gold Corporation, SEC, TSX and auditors involved whether Barrick Gold Corporation does own
Mina Pascua with the properties cited in its 2011 released data, or as per its published Pascua Lama Protocol of
December 11, 2004 in Chile.
On behalf of the Board of Directors,
BRENT JOHNSON,
President & CEO"
-I believe that as a shareholder or private placement investor that we are entitled to further clarification by Brent Johnson as to why this and other post have been retracted ...what portion or portions of this posting October 31st 2011 and the others stated, incorrect ...are there untruths or are we all being played and lead down the garden path !!
Its time to come clean Jorge, Brent and Board of Directors...
-Firstly do we have clear title to Mina Pascua
-Why has the company not posted a copy of the Title to Mina Pascua on CNSX and if we have the “Salt and Nitrates” Concessions to Amarillos Sur and the Amarillos Norte and futher to that the Tesoros 1-30 to Tesoros Doce 1-5 crushed to Barrick's ownership at law, then why has that not been announced.
-Does the BCSC have a copy of the so called Title
-Are there clear and concise parameters of what you own Jorge which is legible and GPS concise.
-Is our investment at risk of total collapse, I understand all stocks are at risk but to post so called truths to the markets and then retract them is totally unprofessional and may be cause for negligence to holders of stock in this company
-Is the Mines Curator in Chile and the Chilean Consulate in Vancouver not in breach of the law if they themselves are unable to come to the defense of Mountainstar Gold
-Did Brent Johnson, President and CEO of Mountainstar Gold and our Board not have all of the truthful information prior to putting this post and others to the public
-What was the stance by the Commission that forced Mr Johnson to retract and clarify that has taken us back to “Step One” in this bid for the 50% Option Agreement of Mina Pascua.
It is of my opinion that Mr Johnson, President and CEO of Mountainstar Gold has some major issues to address prior to the next AGM
I am totally open to rebuttal
goldpanner
ps: If I made this any longer some might start thinking that goldpanner was Jorge Lopehandia
