SOURCE: Affinity Gold Corp.

May 07, 2014 10:40 ET

Affinity Gold Corp. Announces Strategic Partnership With Alicanto Mining Corp.

MAPLE GROVE, MN--(Marketwired - May 7, 2014) - Affinity Gold Corp. (OTC Pink: AFYG) (PINKSHEETS: AFYG) ("Affinity" or "the Company") is pleased to announce it has formed a strategic partnership with private Canadian junior Alicanto Mining Corp. ("Alicanto"), based out of Toronto, Ontario. Alicanto is led by Ricardo Valls, P.Geo., and chaired by Raziel Zisman who also sits on Affinity's Strategic Advisory Committee.

This partnership and commitment represents another leap forward for Affinity in its effort to build a technical strong and forward-thinking leadership and operational team required for realizing the Company's strategic development and growth objectives for the future.

President & CEO of Affinity, Corey Sandberg, stated, "Not only does this partnership and alliance immediately add value to our existing interests in Peru by way of aligning with an incredibly strong exploration and technical team with over 100 years of international field experience. This partnership expands Affinity's local 'on-the-ground' experience and network of trusted and reliable relationships as well as provides access to a vast proprietary database of opportunities to further contribute to Affinity's long-term future success and staying power."

Alicanto and Affinity share a vision regarding the opportunities available today in the mining sector and are committed to the best social and environmental practices. Alicanto's Executive Chairman, Mr. Raziel Zisman stated, "We very much look forward to applying our common skills, network and expertise to create value by bringing into production projects which our team has identified as having excellent exploration upside and to do so while aligning the interests of all stakeholders in the jurisdictions where we operate."

About Alicanto Mining Corp.
Alicanto Mining Corp. ("Alicanto") is a technically-driven project-generating private exploration company with offices in Toronto and Bucaramanga, Colombia. Alicanto is focused on Project Generation Through Effective Exploration™. Alicanto model is based on identifying prospective properties in underexplored areas and creating value by completing sufficient geological work to determine ore resources and then generally seeking to monetize projects by entering into earn-ins or JVs with senior mining companies. Alicanto is led by a multilingual team with over 100 years of successful international field experience and is currently primarily involved in gold and copper projects in Colombia and Armenia.

For additional information please visit Alicanto's website at 


Raziel Zisman

About Affinity Gold Corp.:
Affinity Gold Corp. is a mineral exploration and development company engaged in the acquisition and development of near-term precious mineral production properties within Peru. Affinity Gold Corp.'s primary focus is on developing assets that have demonstrated historical production, contain documented and reliable data and can reasonably begin producing within 12-18 months at a cost of less than $900 per gold equivalent ounce.

For further information please refer to the Company's filings with the SEC on EDGAR available at

This news release may include "forward-looking statements" regarding Affinity Gold Corp., and its subsidiaries, business and project plans. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where Affinity Gold Corp. expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Affinity Gold Corp. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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