SOURCE: Goldrock Mines Corp.

Goldrock Mines Corp.

March 30, 2016 12:38 ET

Goldrock Management Team Acquires Shares

VANCOUVER, BC--(Marketwired - March 30, 2016) - Goldrock Mines Corp ("Goldrock" or the "Company") (TSX VENTURE: GRM) reports that after the close of market on March 28, 2016, Paul Matysek, President and Chief Executive Officer, and Bassam Moubarak, Chief Financial Officer, acquired 20,000 shares at $0.36 per share and 5,000 shares at $0.39 respectively in the public market. Since August 2015, Mr. Matysek has acquired 354,000 shares; Mr. Moubarak acquired 320,000 shares; David Keough, Chief Operating Officer, acquired 11,000 shares and Ms. Cameron-Jones, Corporate Secretary, acquired 24,500 shares for a total of 710,000 shares or 0.7% of the issued and outstanding shares.

As of March 28, 2016, Mr. Matysek holds directly and indirectly 3,132,000 shares or 3.1% of the issued and outstanding shares, Mr. Moubarak hold directly 520,000 shares or 0.5% of the issued and outstanding shares, Mr. Keough hold 111,000 shares or 0.1% of the issued and outstanding shares and Ms. Cameron-Jones holds directly and indirectly 423,300 shares or 0.4% of the issued and outstanding shares.

Management may continue from time to time to acquire shares in the open market.


"Paul Matysek"

Paul Matysek, M.Sc., P.Geo

President and CEO

About Goldrock Mines Corp. 

Goldrock Mines Corp. is an emerging gold producer focused on the development of its 100% owned Lindero gold deposit located in Salta province, northwestern Argentina. The Company has been granted the primary mining permit by the Salta provincial government allowing the Company to develop the Lindero open pit, heap leach gold mine. The Company also has secondary permits in place for process water extraction, road construction, building and electrical permits. In addition, the Company has received formal public declaration of support for the Lindero development by a Salta provincial government decree recognizing Lindero as the priority development project for Salta province. With the HPGR unit delivered into Argentina, the purchase of land in Pocitos, the completion of water supply wells and basic engineering including the preparation of construction bid packages, the Company is positioning itself for a smooth transition to full construction. The focused activity taken by the Company to date has significantly de-risked the remaining construction and development schedule deliverables for the project. Average annual gold production is anticipated to average 128,000 ounces over the first three years of production and to average 108,000 ounces during the first nine years. Total mine life is estimated at over 12 years, with significant exploration potential both at Lindero and the adjacent Arizaro deposit which has the potential to use the planned Lindero infrastructure.

Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration success, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-looking statements.

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