Satori Resources Inc.
TSX VENTURE : BUD

Satori Resources Inc.

February 13, 2012 13:06 ET

Satori Provides Corporate Update

TORONTO, ONTARIO--(Marketwire - Feb. 13, 2012) -

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

Satori Resources Inc. (TSX VENTURE:BUD) ("Satori" or the "Company") announces that the plan of arrangement between Claude Resources Inc. ("Claude") (TSX:CRJ)(NYSE Amex:CGR) and St. Eugene Mining Corporation Limited ("St. Eugene") is now complete, and Satori's shares began trading on the TSX Venture Exchange ("TSXV") on February 2, 2012 under the ticker symbol "BUD".

Satori was formed as a result of the acquisition of St. Eugene Mining Corporation, which provides for seamless and accelerated activities relating to the Company's objectives for the Tartan Lake Gold Mine Project. Satori has continued the negotiations and evaluations with independent mining engineering groups that have been and will continue to be instrumental in advising Satori through its efforts to re-commission the Tartan Lake Gold Mine Project. Updates are expected to follow shortly.

ABOUT SATORI RESOURCES INC.

Satori is a Toronto-based mineral exploration and development company whose primary property is the Tartan Lake Gold Mine Project (100% interest), located in the prolific Flin Flon Greentone Belt, Manitoba.

Tartan Lake Gold Mine Project's independent NI 43-101 resource estimate (completed by MineTech International Ltd. and released in November 8, 2010 and amended on January 18, 2012) resulted in an indicated mineral resource of 1,000,000 tonnes at 4.0g/t Au (130,000 ounces) and an additional inferred mineral resource of 1,900,000 tonnes at 3.9g/t Au (240,000 ounces).

Satori is now a reporting issuer in each of British Columbia, Alberta and Ontario

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release of Satori contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Satori's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this document include statements regarding Satori's expectations regarding ownership, entitlements, drilling and exploration activities on properties in which Satori has, or believes it has an interest. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Satori's expectations. Satori undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change, unless otherwise required by law.

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Satori Resources Inc.
    Jennifer Boyle, B.A., LL.B
    President and Chief Executive Officer
    (647) 344.3158 C: (416) 904.2714