Sinomar Capital Corp.

December 07, 2009 19:05 ET

Sinomar Capital Corp. Announces Filing of Filing Statement

CALGARY, ALBERTA--(Marketwire - Dec. 7, 2009) -


Sinomar Capital Corp. (the "Corporation") (TSX VENTURE:SMM.P), a capital pool company, announces that, further to its press releases issued on June 23, 2009 and October 28, 2009 announcing the Corporation's proposed Qualifying Transaction (the "Proposed Qualifying Transaction") with Cerro Cazador S.A. ("CCSA"), the Corporation has filed a filing statement dated November 30, 2009 (the "Filing Statement:") with the TSX Venture Exchange. The Filing Statement and the required National Instrument 43-101 technical report (the "Technical Report") dated September 16, 2009, were filed on SEDAR ( December 3, 2009. Details of the Proposed Qualifying Transaction, as described in the Filing Statement; and a copy of the Technical Report are available on SEDAR. The closing date of the Qualifying Transaction is expected to occur December 22, 2009.

Trading in the shares of the Corporation will continue to be halted until such time as all required documents are filed with the Exchange.

Upon completion of the Qualifying Transaction, the Corporation will be classified as a Mining Issuer on the Exchange.

Completion of the transaction is subject to a number of conditions, including but not limited to, TSX Venture Exchange acceptance. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Filing Statement, any information released or received with respect to the Proposed Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

About Sinomar

Sinomar Capital Corp. is a capital pool company and has entered into a share purchase agreement to acquire all of the issued shares of Cerro Cazador S.A., a wholly-owned subsidiary of HuntMountain Resources Ltd.

About CCSA and HuntMountain

Cerro Cazador S.A. ("CCSA"), based in Buenos Aires, is a mineral exploration and development company carrying on exploration operations and owning properties in Argentina. HuntMountain Resources Ltd. ("HuntMountain") is an international exploration company engaged in acquiring and exploring precious metal properties in North and South America. HuntMountain is currently quoted on the Over the Counter Bulletin Board (OTC-BB) market under the symbol "HNTM". CCSA holds interests in six mineral exploration properties, La Josefina, Bajo Pobre, El Gateado, El Overo, El Alazan and El Tordillo, all located in Santa Cruz province, Argentina.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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