SOURCE: Minerco Resources, Inc.

May 26, 2011 09:45 ET

Minerco Resources, Inc. Receives Municipal Rights for the Iscan Hydroelectric Project

HOUSTON, TX--(Marketwire - May 26, 2011) - Minerco Resources, Inc. (OTCQB: MINE) (PINKSHEETS: MINE), a progressive developer, producer and provider of clean, renewable energy solutions in Latin America, announced today the company has received the Municipal Rights from Municipality of Guata for its Iscan Project.

The approval from local municipality for the Iscan 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 approval from the Municipality of Guata for our Iscan Project is very significant. ENERCOSA has created a solid foundation with the Municipality, and we plan to build on it. We look forward to working closely with the local communities and the Honduran Government in developing our Iscan 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 revenue to be derived from the project and the expected date of commencement of construction. 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 the 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 are 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