Southwestern Resources Corp.
TSX : SWG

Southwestern Resources Corp.

October 25, 2005 19:05 ET

Newmont Acquires 400,000 Southwestern Shares at Cdn$13 per Share

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 25, 2005) -

THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

Southwestern Resources Corp. (TSX:SWG) is pleased to announce that Newmont Mining Corporation of Canada Limited ("Newmont") has purchased pursuant to a non-brokered private placement 400,000 Southwestern common shares at Cdn$13.00 per share for gross proceeds of Cdn$5.2 million. For a period of twelve months, Newmont has agreed not to sell the shares and to exercise its voting rights as directed by Southwestern or abstaining from voting.

Forward-Looking Statement

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.


Contact Information

  • Southwestern Resources Corp.
    Timo Jauristo
    VP, Corporate Development
    (604) 669-2525
    (604) 688-5175 (FAX)
    or
    Southwestern Resources Corp.
    John G. Paterson
    President & CEO
    (604) 669-2525
    (604) 688-5175 (FAX)
    or
    Southwestern Resources Corp.
    Daniel G. Innes
    VP, Exploration
    (604) 669-2525
    (604) 688-5175 (FAX)
    info@swgold.com
    www.swgold.com