SOURCE: Minerco Resources, Inc.

February 14, 2011 09:10 ET

Minerco Resources, Inc. Receives Municipal Environmental Approval for the Sayab Wind Project

HOUSTON, TX--(Marketwire - February 14, 2011) - Minerco Resources, Inc., (OTCBB: MINE), a progressive developer, producer and provider of clean, renewable energy solutions in Latin America, announced today the company has received approval from the Environmental Unit of the Municipality of San Marco de Colon for its 100 Mega-watt Sayab Project. The project is estimated to have the potential capacity to gross $48 million per year once fully operational; however such estimates are based upon preliminary results and assume all studies produce anticipated results and that expenses do not exceed their estimated amount and therefore can be no assurance that the results will be as anticipated.

The approval from Environmental Unit of the Municipality of San Marco de Colon for the Sayab Project is an important and necessary step in the process in obtaining Congressional approval for the Project. For a step by step look at the approval process in Honduras, visit our website at www.minercoresources.com/process.php.

"The Environmental Approval from the Municipality of San Marco de Colon for our Sayab Wind Project is very significant. ERHSA has created a strong relationship with the Municipality, and together we plan to strengthen the relationship. We look forward to working closely with the local communities and the Honduran Government in developing our Sayab Project," said V. Scott Vanis, President and CEO of Minerco.

Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the words "believe," "anticipate," "expect," "intend," "estimate," and similar expressions. All statements in this document regarding the future outlook related to Minerco are forward-looking statements, including, but not limited to statements regarding the anticipated future plans with the Municipality, potential capacity of and anticipated long term revenue to be derived from the Project. Such statements are based on the current expectations, beliefs, estimates and projections of management and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, such as our inability to receive necessary regulatory approvals, unanticipated expenses, delays in the construction of the Project and the failure of the Project to result in anticipated revenue. Additional uncertainties and risks are described in our most recently filed SEC documents, such as our most recent annual report on Form 10-K. For a more detailed discussion of factors that affect our operations, please refer to our Securities and Exchange Commission filings. Copies of this filing is available through the SEC website at http://www.sec.gov. All forward-looking statements are based upon information available to us on the date hereof. The Company undertakes no obligation to update this forward-looking information.

Contact Information

  • Please contact:
    Minerco Resources, Inc.
    Email Contact
    281-994-4187