April 03, 2006 09:26 ET

Franc-Or Investigates Opportunities in Peru

MONTREAL, CANADA--(CCNMatthews - April 3, 2006) - Franc-Or Resources Corporation (TSX:FOR) today announced that it is investigating a number of precious and base metal exploration properties in Peru as earlier disclosed in the annual information form for the twelve months ended December 31, 2005, filed on Further announcements will be made on the status of these opportunities. No agreements to acquire an interest in a Peruvian property have been completed at the present time.

Franc-Or continues to monitor the status of the Bugdainskoe Au-Mo-W-Pb-Zn-Ag property in southeast Siberia, where the government-owned mining company with whom the Corporation has been dealing is undergoing a broad re-structuring, making the timing of the completion of a Definitive Agreement uncertain.

The Corporation has also recently been actively looking for advanced exploration properties in Mexico, and continues discussions with some select majors on a possible joint venture on its Humboldt Springs gold property in north-central Nevada.


No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of Franc-Or, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Franc-Or's expectations are the risks detailed herein and from time to time in the filings made by Franc-Or with securities regulators.

Contact Information