Waymar Resources Ltd.
TSX VENTURE : WYM

Waymar Resources Ltd.

May 08, 2013 08:30 ET

Waymar Announces the Integration of Nine Core Properties of Its Anza Project, Colombia

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 8, 2013) - Waymar Resources Ltd. ("Waymar" or the "Company") (TSX VENTURE:WYM) is pleased to announce the integration of nine core areas on its wholly owned Anzá deposit.

With an effective registration date of May 3rd 2013, five exploration licenses, two mining contracts and two mining licenses owned by the Company have been integrated into a unified contract, number T13635011, with mining registration code FIAM-06.

The integrated area covers 6,738 hectares of the 23,100 hectares land package controlled by Waymar around the Anzá project. The unified contract has a total duration of 42 years and a preferential right for renewal.

Among other benefits, the integration formally allows concurrent mining and exploration activities, eliminates ambiguities of interpretation that relate to compliance and simplifies the administration, payments and reporting requirements of the Company.

"This integration is the result of nearly three years of coordinated work between our legal advisors, our project team and the regulatory authorities. The effort will now pay off in many significant ways regarding cost, security of tenure and continued environmental permitting," said Pablo Marcet, president of Waymar.

The properties that are part of this integration were formally identified with the title numbers 13635, 48, 6119, 4113, 4718B, 4502, 4715, 4290 and 1139. They correspond to the nine titles under the Option Agreement dated June 2010, signed by the Company and a group of six optionors.

The areas that, prior to this integration, were covered by titles 13635 and 48, have a valid environmental license and are currently being mined for gypsum by a contract miner. This environmental license, granted to a Waymar Colombian wholly owned subsidiary, continues in full under the unified contract and allows both underground and open pit mining of gypsum, gold, silver, zinc, copper and any associated metals.

It is possible for other contiguous mining and exploration titles held by Waymar to be added to the integration in the future.

A map showing the properties subject to this integration (areas in blue) can be found at the Waymar website using the following link: http://www.waymarresources.com/projects/maps/.

About Waymar Resources Ltd.

Waymar Resources Ltd. is a Canadian mineral exploration company with an option to acquire 100% interest in the Anzá project located in the west of the Antioquia Department in the Republic of Colombia. Upon exercise of the option, the optionors will retain a 2% net smelter return royalty on that portion of the Anzá property governed by the Option Agreement, one-half of which may be purchased by Waymar for a cash payment of US$1,000,000. Waymar also has 100% ownership of certain properties surrounding Anzá that cover the district's mineral potential and is continually seeking opportunities to acquire exploration properties. Colombia is a significant producer of gold, nickel, emeralds, petroleum and natural gas as well as a leading producer of coal in Latin America.

WAYMAR RESOURCES LTD.

Pablo Marcet, President & CEO

This press release may contain "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "estimates", "intends", "anticipates" or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, intentions, analysis and opinions of Waymar made at the date that such statements are made. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Waymar to be materially different from those expressed or implied by such forward-looking information, including the risk factors disclosed elsewhere in Waymar's public disclosure. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding Waymar's plans and objectives and may not be appropriate for other purposes. Waymar does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Shares Outstanding: 47,245,170

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information