SOURCE: Cigma Metals Corporation

April 09, 2010 15:36 ET

Cigma Metals Corporation Is Pleased to Announce the Purchase of Alphamin Reources Corp. Aurora Mining Concessions in Mexico

MADRID, SPAIN--(Marketwire - April 9, 2010) -  Cigma Metals Corporation (the "Company," "Cigma") (PINKSHEETS: CGMX) (FRANKFURT: C9KA) is pleased to announce that it has signed a property purchase agreement (the "Agreement") with Alphamin Resources Corp. regarding the sale and transfer by Alphamin Resources Corp. of a 100% interest in the Aurora mining concessions located in the State of Guerrero, Mexico (the "Property") to Cigma, in consideration for US$150,000 and 1,000,000 common shares of Cigma. Alphamin Resources Corp. will retain a 1.5% Net Smelter Returns Royalty on production from the Property.

Cigma Metals Corporation is a mineral exploration company. The Company has recently changed its focus to the Americas, where Management has evaluated different exploration and mining projects which are available for acquisition. The first step within this new strategy is the acquisition of the 98.000 hectares Aurora Mining Concession from Alphamin Resources Corp. This area is known for its numerous gold occurrences. The Company's management is convinced that focusing on the Americas with its numerous opportunities will bring a higher return for each Dollar invested." The Company's stock is quoted for trading in the United States of America on the OTC Pink Sheets under the symbol "CGMX.PK," and under the symbol "C9KA.F" on the Frankfurt Exchange, in Germany.


"Agustin Gomez de Segura"
Agustin Gomez de Segura 
President, CEO and Director


This press release contains statements that plan for or anticipate the future, called "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of those terms and other comparable terminology.

These forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements about: our market opportunity; revenue generation; our strategies; competition; expected activities and expenditures as we pursue our business plan; the adequacy of our available cash resources; our ability to acquire properties on commercially viable terms; challenges to our title to our properties; operating or technical difficulties in connection with our exploration and development activities; currency fluctuations; fluctuating market prices for precious and base metals; the speculative nature of precious and base metals exploration and development activities; environmental risks and hazards; governmental regulations; and conduct of operations in politically and economically less developed areas of the world.

Many of these contingencies and uncertainties can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Forward-looking statements are not guarantees of future performance. These cautionary statements qualify all of the forward-looking statements made in this press release. Specific reference is made to our most recent annual report on Form 10KSB and other filings made by us with the United States Securities and Exchange Commission for more detailed discussions of the contingencies and uncertainties enumerated above and the factors underlying the forward-looking statements. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities & Exchange Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities & Exchange Commission at

We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

This press release is for informational purposes only and is not and should not be construed as an offer to solicit, buy, or sell any security.

Contact Information