SOURCE: Sillenger Exploration Corp.

May 06, 2010 11:21 ET

Sillenger Exploration Corp., Through Its African Representatives, Enters Into Memorandum of Understanding With the Government of the Republic of Guinea-Bissau

VANCOUVER, BC--(Marketwire - May 6, 2010) - Sillenger Exploration Corp. (OTCBB: SLGX) ("Sillenger") is pleased to announce that through its representatives in Africa, it has entered into a Memorandum of Understanding (MOU) with government officials of the Republic of Guinea-Bissau. The scope of the MOU covers business development in the Republic of Guinea-Bissau. 

About Sillenger Exploration Corp.

Sillenger is a natural resource development company dedicated to bringing a progressive, creative and proprietary approach to natural resource exploration. The Company believes Africa to be the new frontier in the mining industry. Parts of Africa have been noted for a rich history in gold, diamond, and other precious mineral mining. The continent hosts a number of major base metals mines extracting copper, zinc, bauxite, iron ore, etc. Recent exploration activity has led to the discovery of rare element strategic minerals such as uranium, tantalum, gallium and lithium.

While Sillenger's initial focus will be Africa, the Company will consider and examine any opportunities that lend themselves to the income statement and can build lasting value for Sillenger shareholders.

Forward-Looking Statements

Certain statements regarding Sillenger Exploration set forth in this press release, including those regarding the future of its business, contain forward-looking information. This forward-looking information is subject to numerous material risks, uncertainties and assumptions, certain of which are beyond the control of Sillenger Exploration, including the financial performance of Sillenger Exploration, market valuations of its stock, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility, ability to access sufficient capital from internal and external sources, uncertainty of receiving approval from shareholders for the transaction described herein and failure to obtain required regulatory approvals, including stock exchange approvals. Readers are cautioned that the material assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise. Actual results, performance or achievement could differ materially from those expressed in, or implied by, this forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Sillenger Exploration will derive therefrom. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Sillenger Exploration disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

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