HENDERSON, Nev., March
25, 2013 /PRNewswire/ -- Trulan Resources Inc. (OTCPK: TRLR)
(the "Company" or "Trulan") Chief Executive Officer, Robert Rosner, is pleased to provide a summary
update on the recent activities surrounding the Company's
acquisition agreement on the IGP Iron-Gold-Platinum Project.
A large multi-billion dollar iron ore resource had already been
outlined from previous work programs, and the fact that this
resource could be expanded by further drilling was an important
factor in the decision to move forward with due diligence and
negotiations to ultimately acquire the IGP Project. In addition,
the Company is currently confirming the data relating to the gold
grades contained in the technical report from previous work
programs. Once the grade is confirmed and applied to the known
tonnage, Trulan will be able to extrapolate a resource value figure
for the precious metal.
The decision by Trulan to enter into the agreement to acquire a
100% interest in the IGP Project was based on a number of deciding
factors. First and foremost was the quality of the property and the
amount of work that had gone into the data package. The
Company realized quite quickly that the IGP represented a real and
viable mining opportunity that could be advanced to the point of
being operational in a relatively short time frame.
The result of the work that Trulan has completed in the past
four months is that the Company has garnered the interest of a
number of potential financing partners in order to further
development of the IGP Iron-Gold-Platinum Project and continue to
explore areas of the property that have not yet been tested.
Chile is recognized worldwide
as a mining country since its territory is rich in metalliferous
deposits, mainly copper, gold, silver, iron, lead, zinc and
manganese. It has long been a good place for junior mining
companies to do business because the economy of Chile is one of South America's most stable and prosperous,
with the highest nominal GDP per capita in Latin America. The Chilean government strongly
supports foreign investment in the sector and has modified its
mining industry laws and regulations to create a favorable
investing environment for foreigners.
Trulan Resource's Mission is the exploration and development of
mining properties whose economic potential is considered to be
extensive, while requiring minimal infrastructure and operational
costs, that can be advanced in an environmentally responsible
manner.
This news release was prepared on behalf of the Board of
Directors, which accepts full responsibility for its contents. For
more information please contact Corporate Relations at 702-430-4690
or info@trulanresources.com
Robert
Rosner
President & CEO
Forward-looking Statement:
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS," AS THAT
TERM IS DEFINED IN SECTION 27A OF THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND
SECTION 21E OF THE UNITED STATES
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS
NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING
STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS,
EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.EXCEPT FOR THE
HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS
NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO
CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO
DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR
ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS
THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE
PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE,"
"ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS
ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE
COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH
MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE
COMPANY'S MOST RECENT ANNUAL AND QUARTERLY REPORTS FILED AND
PUBLISHED ON WWW.OTCMARKETS.COM, RESPECTIVELY, AND FROM
TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE
COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY
APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL
REQUIREMENTS AND THE COMPANY''S ABILITY AND LEVEL OF SUPPORT FOR
ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO
ASSURANCE THAT THE COMPANY''S EXPLORATION EFFORTS WILL SUCCEED AND
THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE
FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS
RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE
FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL
RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING
STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS,
EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE
REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS,
EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS
SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD
ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC
REPORTS FILED AND PUBLISHED FROM TIME-TO-TIME ON
WWW.OTCMARKETS.COMTHIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT
OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NO
SECURITIES REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED OF THE
CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT
CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY
NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION
IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR
TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY
SUCH JURISDICTION.
SOURCE Trulan Resources Inc.