SOURCE: Harris Exploration Inc.

January 19, 2007 15:01 ET

Harris Exploration Inc. Agrees to Balsapamba Participation

GUAYAQUIL, ECUADOR -- (MARKET WIRE) -- January 19, 2007 --Harris Exploration Inc. (PINKSHEETS: HXPN) is pleased to announce that after continued extensive due diligence, it has agreed to terms with the Minera Cristal partners on the opportunity to participate in the ongoing development of the Balsapamba property in Bolivar, Ecuador. Harris management has agreed to fund all property requirements over the next 18 months based on a mutually agreed budget, payment, exploration and production schedule.

In addition, management will provide 250,000 restricted shares of Harris Exploration Inc. to Minera Cristal. The Balsapamba property is located near the city of San Miguel, in the Province of Bolivar, and has to date been exploited and explored. Trenching and sampling have been performed previously and the property has now been subdivided into four mineralized zones. Several initial targets within these zones have been identified as highly mineralized and the Company is continuing to verify the corresponding documentation.

The Balsapamba property is recognized as a predominant (Au) Gold, (Cu) Copper and (Zn) Zinc mineralized deposit. Current exploitation and exploration has also identified possibilities of Cadmium and Molybdenum mineralization.

About Minera Cristal

Minera Cristal partners currently hold license to several base and precious metal exploration and mining opportunities throughout Ecuador.

About Harris Exploration

Harris is a Nevada registered exploration Company. The Company has recently initiated a program to evaluate, exploit and explore undervalued assets and to establish an Ecuador mineral claim portfolio.

FORWARD-LOOKING STATEMENTS

This release contains certain statements that are "forward-looking" statements (as the term is defined in the Private Securities Litigation Reform Act of 1995). Any such forward-looking statements are inherently speculative and are based on currently available information, operating plans and projections about future expectations and trends. As such, they are subject to numerous risks and uncertainties, such as general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, and other factors over which Harris Exploration Inc. has little or no control. Actual results and performance may be significantly different from expectations or trends expressed or implied by such forward-looking statements. Harris Exploration Inc. expressly disclaims any obligation to update the statements contained in this release. This press release is for informational purposes only and is not and should not be construed as an offer to solicit, buy, or sell any security.

Contact Information

  • Company Contact:
    George Zein
    President
    011447798560408