Razor Resources Inc.
OTC Bulletin Board : RZOR

Razor Resources Inc.

December 16, 2010 09:02 ET

Razor Resources Inc. Announces Increase In Gold Production From Company's Clavo Rico Mine To 1,000 oz A Month

DENVER, COLORADO--(Marketwire - Dec. 16, 2010) - RAZOR RESOURCES INC. (OTCBB:RZOR) (www.razorresourcesinc.com) a fully reporting company engaged in the exploration and production of gold from its wholly owned mining properties, today announced that the Honduran government has granted preliminary permits to plan and design heap leach pads at the Company's Clavo Rico mine property. The mine has accumulated approximately 130,000 tonnes of tailings that have been assessed to hold approximately 3-5 grams of gold per tonne. Up to now, the mine has been solely utilizing vats to extract gold from the ore. The heap leach pad will be used as a secondary process to maximize processing efficacy by extracting gold from the tailings. 

Razor Resources Inc. has recently engaged a design team, headed by Martin Gallon, an internationally recognized geologist, who has designed and operated several heap leach pads, to devise, plan, and oversee the construction and mining operations. The capacity of the structure will be approximately 400,000 tonnes. By employing these measures, Razor Resources will significantly increase gold recovery up to approximately 1,000 oz/month, from the Clavo Rico property.

"I am very pleased to see this process make such a progressive move forward. It is the first of several steps that we will be taking in the near future to increase production and maximize both efficiency and profitability," stated Sam Nastat, President of Razor Resources Inc.

About Razor Resources Inc.

Razor Resources Inc. (OTCBB:RZOR) (www.razorresourcesinc.com) is a Denver, CO based gold exploration and production Company engaged in gold mining and its associated activities including: exploration, extraction, processing, and reclamation. The Company specializes in sustainable, low-cost gold production and currently owns and operates the Clavo Rico mine in the Choluteca region of Honduras. Razor Resources inc. (OTCBB:RZOR) is one of the few junior resource companies to reach 'production status' - and is focused on increasing Gold production on an annual basis. The Company currently produces over 200 ounces of finished, Pure Gold per month with room for expansion and necessary infrastructure in place to handle the increase. Additional income is received through production services provided to other mining companies in the area.

Forward-Looking Statements

This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, continuing production from the "Clavo Rico Mine," or the generation of positive cash flow as a result, updating of the corporate website or the availability of an independent geological report outlining the concessions, their production, and their potential.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of gold prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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