Tresoro Mining Corp. amends option agreement
VANCOUVER, British Columbia, Aug. 7, 2012 /PRNewswire/ -- Tresoro Mining Corp. (the "Company" or "Tresoro") (TSOR-OTCQB, AN4-Frankfurt) announces that The Company has satisfied its obligations under the Mineral Assets Option Agreement dated April 13, 2010 between the Company and Mercer Gold Corp. (British Columbia) and has exercised its option thereunder. The Company further announces that its subsidiary and Comunidad Minera Guayabales ("CMG") have amended the Option Agreement (the "Option") on the Guayabales property (the "Property") near Marmato, Colombia effective July 31, 2012.
The amendment, which provides for a new payment schedule, resulted from negotiations initiated at the request of CMG to accommodate local requirements, and Tresoro responded to assist with their needs as a good corporate citizen. Under Colombian law, which governs the Option, the Option was transferred to Uranium International Corp. (now Tresoro Mining Corp.) as of April 15, 2010.?
Company President, Gary Powers, adds, "This amendment to the Option further solidifies our positive working and business relationship with Comunidad. We look forward to moving ahead with our further exploration of the Property."
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