SOURCE: Sungro Minerals, Inc.

July 14, 2010 09:25 ET

Sungro Minerals, Inc. Announces Estimates of Gold Mineralization

WARWICK, RI--(Marketwire - July 14, 2010) - Sungro Minerals, Inc. (OTCBB: SUGO) is pleased to announce the results of the preliminary NI 43-101 study which indicates more than two million (2,000,000) ounces of gold within the Conglomerate Mesa property; this area, located in California, is an extension of the incredibly prolific Carlin trend. We strongly believe this represents an extremely valuable asset and so the management of Sungro has immediately begun discussions with major mining companies for the best way to extrapolate value for our shareholders. In addition, we look forward to updating the results and progress for what we anticipate to be equally exciting results for our silver, lead and zinc deposits and will address each of these on a timely basis.

About Sungro Minerals, Inc.
Sungro Minerals, Inc. is an early stage Mining and Exploration Company seeking to acquire, develop, and manage various mineral properties and resources.

Forward-Looking Statements
This news release contains "forward-looking statements." 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. Actual results could differ from those projected in any forward-looking statements due to numerous factors. In general, estimates of 3P (proven, possible & probable) reserves are based upon a number of factors and assumptions made as of the date on which the estimates were determined, such as geological, technological and engineering estimates and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking estimates. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, except as required by law. Readers should also refer to the Company's current annual report and other periodic filings, which are available at www.sec.gov for additional discussion of risks and uncertainties. The reader is cautioned not to place undue reliance on forward-looking statements.

Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. The Company uses certain terms in this release such as "mineralized gold zones" that the SEC's guidelines strictly prohibit the Company from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in the Company's periodic and other filings filed with the SEC on EDGAR at www.sec.gov.

Contact Information

  • Contact:

    Sungro Minerals, Inc.
    Erwin Vahlsing, Jr.
    Tel: (401) 648-0805
    Fax: (401) 648-0699
    www.sungrominerals.com