SOURCE: La Mancha Resources

December 17, 2010 11:19 ET

La Mancha's Ity Mine Update

PARIS--(Marketwire - December 17, 2010) - La Mancha Resources Inc. (TSX: LMA) (hereinafter "La Mancha" or the "Company") reports that due to the increased agitation observed over the last 24 hours in the Zouan Hounien region, in western Côte d'Ivoire, the Ity mine proceeded to the orderly interruption of its activities. The Ity mine represents only 15% of the Company's total gold production for 2010.

Dominique Delorme, President and CEO of La Mancha noted: "In this difficult period for Côte d'Ivoire, La Mancha's first priority continues to be the safety and security of our employees and their family. To that effect, we have cautiously decided to temporarily suspend mine operations. La Mancha's international diversification helps minimize the impact of the current event as only 15% of our gold production comes from our Côte d'Ivoire operation."

The current situation at the Ity mine remains calm, however further precautionary measures have been taken to safeguard all mine assets. All the gold poured over the recent weeks was safely transported off the mine site.

La Mancha's production target for 2010 remains between 120,000 and 130,000 ounces of gold, of which 65% is produced in Australia, 20% in Sudan, and only 15% of which is produced in Côte d'Ivoire.

ABOUT LA MANCHA RESOURCES INC:
La Mancha Resources Inc. is an international gold producer with operations, development projects and exploration activities in Africa, Australia and Argentina. La Mancha's shares trade on the Toronto (TSX) under the symbol "LMA". For more information on the Company, visit its website at http://www.lamancha.ca/.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains certain "forward-looking statements", including, but not limited to, the statements regarding the Company's future commercial production. Forward-looking statements express, as at the date of this press release, the Company's plans, estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with the geopolitical tensions currently observed in Côte d'Ivoire, mining industry risks, exploration risks, environmental risks and hazards, uncertainty as to calculation of mineral reserves, requirement of additional financing or additional permits, authorizations or licenses, risks of delays in construction and production and other risks referred to in La Mancha's 2009 Annual Information Form filed with the Securities Commissions, as well as the Toronto Stock Exchange.

Contact Information

  • For additional information, please contact:
    La Mancha Resources Inc.
    Martin Amyot
    Vice President Corporate Development
    Tel: (514) 987-5115

    La Mancha Resources Inc.
    Nicole Blanchard
    Investor Relations
    Tél. : (514) 987-5115
    Courriel : Email Contact