Revolution Resources Sells Interest in Greenland Property for $250,000
May 14th, 2013, Vancouver, BC, Canada – Revolution Resources Corp. TSX:RV (“Revolution” or the “Company”) is pleased to announce it has entered a definitive agreement to sell its 15% interest in the Storo Gold Project (“Storo”), located in Greenland to NunaMinerals A/S (“NunaMinerals”) for $250,000. Revolution is selling the Company’s interest in Storo in order to focus its attention on its wholly-owned core exploration properties in North Carolina and Mexico. The Company has shifted its corporate strategy with the recent 100% acquisition in Mexico to focus on joint ventures given the significant size of the land holdings the Company now holds.
“The sale of our 15% interest in the Storo gold project continues to strengthen our balance sheet in tough times for junior mining companies,” stated Aaron Keay, President and CEO of Revolution Resources, “Our focus remains establishing ourselves as a significant project generator in Mexico and advancing Champion Hills toward an initial resource estimate.”
NunaMinerals is listed on the NASDAQ OMX Copenhagen A/S under the symbol “NUNA.” NunaMinerals is an exploration and development company focused on the discovery, development and commercial production of precious and base metals, as well as strategic metals in Greenland. NunaMinerals was responsible for the discovery, development and start-up of Greenland’s first gold mine (the Nalunaq Gold Mine), which was sold in 2009.
Revolution Resources Corp. is a TSX-listed exploration company (TSX: RV) based in Vancouver, BC, Canada. The Company's current exploration activities are focused on the historic belts of Mexico and the USA. Revolution is dedicated to the identification and advancement of precious and base metal deposits utilizing a project generator model in Mexico, while maintaining 100% ownership of its Champion Hills discovery in the Carolina Slate Belt of the southeastern USA. Further information can be found on the Company’s website at www.revolutionresourcescorp.com
ON BEHALF OF THE BOARD
of Revolution Resources Corp.
President, CEO and Director
For more information please contact:
Manager, Investor Relations
President, CEO and Director
Forward-Looking Statements: Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to proposed exploration, development and production activities and their timing, potential mineralization, the announcement of results, the anticipated acquisition of property interests and expected share issuances. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, receipt of regulatory approvals, completion of anticipated transactions, the timing and success of future exploration, development and production activities, exploration and development risks, expenditure and financing requirements, title matters, third party consents, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration and development of mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.