Portex Minerals Inc.

June 20, 2011 17:30 ET

Portex Minerals Inc. Enters into Investor Relations Contract

TORONTO, ONTARIO--(Marketwire - June 20, 2011) - Portex Minerals Inc. (formerly, Strategic Resource Acquisition Corporation) ("Portex" or the "Corporation") (CNSX:PAX) is pleased to announce that it has entered into an investor relations contract with Allyson Taylor Partners Inc. ("Allyson Taylor"), a Montreal, Canada based investor relations and capital markets consulting firm.

The major terms of the contract include (a) a monthly fee of $10,000 for a minimum period of six months; (b) a grant of 120,000 options to purchase common shares at a price of $0.135 per share for a period of three years from the date of the agreement with vesting of 1/3 at the date of grant, 1/3 on the first anniversary thereof and 1/3 on the second anniversary thereof. Should the agreement be terminated, the stock options must be exercised within 30 days from the date of termination. The agreement may be terminated by either party upon 60 days' written notice. The agreement is subject to all regulatory filings and approvals.

Allyson Taylor will provide various services to Portex including evaluating the advantages and disadvantages of various transactions in light of the Corporation's strategic objectives, assisting in the raising of capital for future requirements and assisting in broadening the Corporation's shareholder base in the Canadian and European investment communities. Allyson Taylor has represented other junior mining companies.

Portex is a Toronto-based mineral development company, focused on acquisition and development of base and precious metal properties in Canada and in low-risk foreign locations.

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The CNSX does not accept responsibility for the adequacy or accuracy of this release.

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