SOURCE: Stonebridge Resources Exploration Ltd.

June 11, 2009 10:21 ET

Stonebridge Resources Explorations, Ltd. Targeting Colombian Mining Opportunity -- Management Near Agreement Proposal

RENO, NV--(Marketwire - June 11, 2009) - Stonebridge Resources Explorations, Ltd. (PINKSHEETS: SRCX) (FRANKFURT: S3C1) has been prudently evaluating several mining operations in Colombia with the intent of entering into either a joint venture or profit sharing agreement for the operation and commercialization of the properties. The company at this juncture is focusing on gold and silver mines and has narrowed down its primary interest to two mining locations in Colombia.

Mine Chaparral Tolima
This property is located in Chaparral-Tolima
Area: 2115 Hectares
Type: Gold
Probable Reserves: 400 ton
Average daily production current: 2-3 kg/day
Type of Mining: underground and alluvial production

Mina De Chaparral y Ataco
The property is located in Chaparral y Ataco
Area: 2116 Hectares
Type of mineral: Gold and Silver
Probable Reserves: 412 ton
Average daily production current: 2kg/day
Type of Mining: Alluvial
Note: there are several mines in production in adjacent areas.

Stonebridge management is in the process of obtaining and confirming the most current and thorough evaluation data from these mining properties.

"It is our intention that once the information is validated we will proceed to prepare a proposal that we believe will lead to a swift agreement to commence exploration and commercialization of these mines. In addition the company continues to pursue cost effective gold mining opportunities in the State of Nevada. We will not hesitate to entertain any business opportunities that will bring the most immediate fiscal return on investment," stated Stonebridge company CEO, Sidney Lederman.

The company will provide updates on these negotiations via press release or on the company website at

About SRCX

Stonebridge Resources Explorations, Ltd. is primarily engaged in the acquisition and development of mining explorations in Nevada and other viable opportunities throughout the United States and South America. Our mission is to create shareholder value by achieving growth through robust acquisition and exploration programs and low-cost production and commercialization.

Forward-Looking Statements

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact Information

  • Contact:
    Stonebridge Resources Explorations Ltd.
    Mr.Sidney Lederman