THEMAC Resources Group Limited

March 17, 2011 16:30 ET

THEMAC Receives Final Approvals, Common Shares to Trade on Tier 2 of the TSX Venture Exchange Commencing Friday, March 18, 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2011) - THEMAC Resources Group Limited ("THEMAC" or "the Company") (TSX VENTURE:MAC.H) is pleased to announce that, further to the Company's news release of March 8, 2011, it has received final acceptance from the TSX Venture Exchange for its acquisition of the Copper Flat project and related transactions. Effective on March 18, 2011 the Company's Tier classification will change, and the Company's common shares will commence trading on Tier 2 of the TSX Venture Exchange under the symbol MAC.

About the Copper Flat Project

The Copper Flat project is a porphyry copper-molybdenum-gold-silver deposit located in the Las Animas mining district of South Central New Mexico. The project is approximately 150 miles south of Albuquerque, New Mexico and approximately 20 miles southwest from Truth or Consequences, New Mexico (straight-line distances). Access from Truth or Consequences is by 24 miles of paved highway and 3 miles of all weather gravel road.

In 1982, Quintana Minerals brought the project into production as an open pit mine with a mill and concentrator rated at 15,000 short tons per day. The mine was in production for three and a half months, but operations were halted when copper prices declined. The property was placed on care and maintenance until 1986 at which point all the buildings and equipment were removed and sold. However building foundations and other infrastructure remain.

Further information regarding the Company, the Copper Flat project and related transactions can be found in the Company's Filing Statement regarding the Transaction dated February 25, 2011 which was filed under the Company's profile on SEDAR at www., on March 1, 2011.

Neither the TSX Venture Exchange (the "TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the adequacy or accuracy of, this release.

Contact Information

  • THEMAC Resources Group Limited
    Barrett Sleeman, P.Eng.
    Chief Executive Officer
    (604) 806-6110 or (505) 274-6723
    (604) 806-6112 (FAX)