SOURCE: Minerco Resources, Inc.

July 21, 2011 09:45 ET

Minerco Resources, Inc.: Corporate Update

HOUSTON, TX--(Marketwire - Jul 21, 2011) - Minerco Resources, Inc. (OTCQB: MINE) (PINKSHEETS: MINE), a progressive developer, producer and provider of clean, renewable energy solutions in Latin America, releases operational updates for its Chiligatoro Hydro, Iscan Hydro and Sayab Wind Projects.

The Chiligatoro Hydro Project has been formally approved by the local communities, local Municipality and its Environmental Unit, Secretaria de Recursos Naturales y Ambiente ("SERNA"), Honduras's Natural Resources and Environmental Ministry and Honduran National Commission of Energy. The Project is being submitted to the Empresa Nacional de Energia Electrical (ENEE) for its Power Purchase Agreement (PPA). The PPA is the final step before Congressional approval and start of construction.

The Iscan Hydro Project has received formal Municipal approval and is preparing documentation for submission to SERNA. The 4 MW Project is expected to start managed river measurements and feasibility studies this year.

The Sayab Wind Project has received formal Municipal and Environmental approval and has been submitted its initial application to SERNA. The 100 MW Project is expected to begin feasibility studies in this calendar year.

"We are very pleased with the progress of our Projects in Honduras. We feel the time is right to start diversifying our portfolio. We are evaluating expansion into other countries in Central America. In addition, we are evaluating opportunities to expand our business scope to include traditional energy plays (oil & natural gas). The company intends to further leverage the expertise of our management team by expanding energy development to include traditional energy sources. The company believes combining traditional energy sources with clean, renewable sources is a responsible approach to energy development. Clean energy is sustainable and long-lived, while conventional energy provides higher rates of return in the short term," said V. Scott Vanis, Minerco's President and CEO.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts or to procure future contracts. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.

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