Anfield Nickel Corp.

Anfield Nickel Corp.

May 14, 2009 16:48 ET

Anfield Closes Acquisition of Mayaniquel, S.A. and Private Placement With Lumina Capital Limited Partnership

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2009) - Anfield Ventures Inc. (TSX VENTURE:ANF) ("Anfield") is pleased to announce that it has completed its previously announced acquisition of all of the outstanding shares of Mayaniquel, S.A. ("Mayaniquel") from BHP Billiton Minerals Holdings Pty Ltd. and The Broken Hill Proprietary Company Pty Ltd. (collectively "BHP Billiton"). Anfield has also completed its previously announced private placement with Lumina Capital Limited Partnership ("Lumina LP").

Mayaniquel, a Guatemalan company, controls 21 mineral exploration licenses totaling approximately 83,430 hectares in the nickel laterite belt that surrounds Lake Izabal located 120 kilometers northeast of Guatemala City. The mineral exploration licenses are adjacent to the "Fenix Project" owned by HudBay Minerals, Inc.

Lumina LP is an investment partnership held principally by Vancouver mining entrepreneur Ross Beaty and now owns 40% of the outstanding shares of Anfield.


Anish Sunderji

CAUTION REGARDING FORWARD LOOKING STATEMENTS: This news release may contains "forward looking statements" within the meaning of the applicable Canadian securities legislation. Forward looking statements include, but are not limited to, statements with respect to the future price of commodities, the timing of exploration activities, the estimation of mineral reserves and mineral resources, the results of drilling, estimated future capital and operating costs, future stripping ratios, projected mineral recovery rates and Anfield Ventures' commitment to, and plans for developing any of its projects. Generally, these forward looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Anfield Ventures to be materially different from those expressed or implied by such forward looking statements, including but not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of commodities, as well as those factors discussed in the sections relating to risk factors of our business filed in Anfield Venture's required securities filings on SEDAR. Although Anfield Ventures has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.

There can be no assurance that any forward looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. Anfield Ventures does not undertake to update any forward looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

Contact Information

  • Anfield Ventures Inc.
    Anish Sunderji
    + 604 844 2842
    + 604 844 2843 (FAX)