Pro-Or Mining Resources Inc.

Pro-Or Mining Resources Inc.

March 22, 2012 11:06 ET

Mass balance work progress

Resignation of an officer


MONTREAL, March 22, 2012 - PRO-OR (TSXV: POI) announces that work for the implementation of Phase 3 at its St. Augustin plant is well underway. Samples were already shipped to the laboratory for additional processing and testing under a new assay's protocol. Meanwhile, Platinum group metal (PGM) rich concentrates stored at the plant for more than a year were treated and are now at the combustion stage. This combustion is the final step before sending the finished product at the refiner to produce ingots of three different metal 99.99% pure (being Platinum, Palladium and Rhodium).

Pro-Or also announces that for personal reasons, Mr. Léo-Guy Morrissette has resigned as a member of the Board and Vice President of the Company on March 9 2012. Mr. Morrissette has contributed significantly to the development of the plant in St. Augustin during the last five years. He was very active as a Board director since his appointment in 2003. Management would like to thank him sincerely for his dedication.

About the Pro-Or technology

Founded in 1986, Pro-Or is involved in the development of technologies and owns two patents since 2000. They were developed in collaboration with the INRS (Institut National de la Recherche Scientifique). Investment in R & D totaled more than $4M for 6 years to develop and patent the technological process for recovering PGM from ores and concentrates rich in PGM mainly by recycling automobile catalytic converters. This environmentally friendly process requires a small amount of energy to recover PGM compared to current conventional smelting processes. Pro-Or is also active in mining exploration, particularly on its Menarik and Lake Ewart properties at James Bay.

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