Siga Resources Inc.
OTC Bulletin Board : SGAE

May 19, 2011 09:01 ET

Siga Resources Announces Joint Venture on Lucky Thirteen Gold Project

SOUTH LAKE TAHOE, CALIFORNIA--(Marketwire - May 19, 2011) - Siga Resources Inc (http://sigaresourcesinc.com) (OTCBB:SGAE) President and CEO, Edwin Morrow announced today that Siga has come to an agreement with Big Rock Resources Ltd. whereby the two companies will develop the Lucky Thirteen gold placer under a 50/50 joint venture.

Big Rock Resources Ltd. (1BR.F, ISIN CA0894851066, WKN A1JJYB www.bigrockresources.com) has agreed to fund the initial evaluation program for $400,000 USD, and provide funding up to $8.5 million USD to place the property in full production.

The partners will operate Lucky Thirteen under a Joint Venture company, Lucky 13 Mining Company Ltd., owned 50/50 by Siga and Big Rock. Lucky 13 Mining Company Ltd. will be the operator.

Siga has already secured the initial operating permits for the necessary rail crossing and initial test mining. Siga is currently constructing the washing and initial process plant to be used in the evaluation program.

Siga's President Ed Morrow said that "Siga is most pleased to have Big Rock Resources as a Joint Venture Partner. The combined power of the partnership will facilitate the rapid development of a production operation at Lucky thirteen."

In addition, the Company is pleased to announce that it has come to an agreement with Crown Equity Holdings of Las Vegas, Nevada, for a six month public relations contract starting May 12, 2011. Under the terms of the agreement, the Company will issue 2,000,000 restricted shares to Crown Equity Holdings in exchange for investor relations and media advertisement services.

About Siga Resources Inc

Siga Resources Inc, founded in 2007, is based in South Lake Tahoe, California. Siga is a mineral resource exploration and development company. Siga's strategy targets properties that have the potential for near term production and early positive cash flow. Siga's general geographical interest is North and South America.

Forward-Looking Statements

You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release.

Contact Information

  • Siga Resources Inc.
    Edwin Morrow
    President and Director
    1-530 577-4141
    530 548-7369 (FAX)