SOURCE: Sungro Minerals, Inc.

January 29, 2010 09:36 ET

Sungro Minerals, Inc. Update to Conglomerate Mesa Project

WARWICK, RI--(Marketwire - January 29, 2010) - Sungro Minerals, Inc. (OTCBB: SUGO) provides this press release as an update to the previously disclosed closing of the acquisition of the Conglomerate Mesa Project which consists of 341 unpatented claims, with a high concentration of gold, silver, copper and other industrial base metals. The parties have, by mutual written agreement, extended the final closing date to February 15, 2010 which will facilitate the first issuance of shares to Steve VanErt and Noel Cousins as well as the establishment of the escrow of shares required to be issued under the Agreement.

The Company believes that these issuances will be completed well before the final closing date.

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.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. 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 cautions that these statements are further qualified by important factors that could cause actual results to differ materially from those in the forward looking statements, including, among others, the following: reduced or lack of increase in demand for the Company's products, competitive pricing pressures, and the level of expenses incurred in the Company's operations. The Company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

Contact Information

  • Contact:

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