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Re: News Release - Wednesday, February 28, 2007
Rochester Commences Regular Shipments of Gold & Silver Production
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Vancouver, Canada - Rochester Resources Ltd. (TSXV: RCT; OTCBB: RCTFF
and Frankfurt: R5I):
The Board of Directors is pleased to confirm that its Mina Real Mine in
the State of Nayarit, Mexico, commenced delivery of gold and silver
production to the refinery in early February, 2007. Three shipments
took place during the month of February. Management continues to work
on fine tuning the milling process during the start-up phase in order
to maximize recovery rates before higher grade mineralized material is
introduced into the milling process.
"This represents a major milestone in Rochester's twelve month
evolution from a junior exploration company to a revenue producing
mining and milling operation" commented Douglas Good, Chairman. "The
first 6 months of 2006 were occupied with development exploration and
obtaining environmental approvals and permitting for the mining
operation and 200 tonnes/day milling operation. Although most of the
key components and contractors had been sourced during the first half
of 2006, civil works did not commence until the receipt of the various
permits in mid-June. It was impressive to watch the construction of
the mill and related infrastructure develop to such a high standard of
quality during the ensuing seven month construction period.
Equally impressive has been the major strides achieved during 2006 in
preparing the initial mining area for increased production. During 2006
we completed approximately 2,000 metres of development mining which
produced a stockpile of about 17,000 tonnes of mineralized material at
the mine and mill site in preparation for commencement of milling
operations. We now have three mining contractors on site and employ
about 120 contractors and direct employees operating three shifts per
day in the combined mining and milling operation."
"We are very fortunate to have been able to bring the mining and
milling operation on stream during a period when gold and silver prices
are approaching US$700 and US$15, respectively" commented Dr. Parra,
President and CEO, "Our first objective for 2007 was to commence
production at a rate of 200 tonnes per day. Now that this has been
achieved, we will be working aggressively to meet our next objective of
increasing production to 300 tonnes/day. The State of Nayarit has been
a historical producer of gold and silver and we at Mina Real and
Rochester are extremely pleased to bring on stream the first
conventional processing plant in this region in many years. With this
plant in place, we have a tremendous competitive advantage and are
confident that we will be able to attract many local property owners to
partner with us to bring their properties into production. We are
already considering a number of submissions involving the acquisition
of additional properties in the region with near-term production
potential."
Dr. Alfredo Parra, the company's President, has an extensive background
in mining exploration and operations, including senior management level
positions with major Mexican based corporations such as CIA Minera
Penoles and Kennecott. Dr. Parra is currently the Company's in-house
Qualified Person and QP Member of the Mining and Metallurgical Society
of America with special expertise in Mining.
Rochester represents a pure-play into the exploration and development
of gold and silver properties located in Mexico. Its key operating
personnel are highly skilled and credentialed Mexican citizens with the
ability to identify and negotiate the acquisition of other advanced
exploration and development properties in the region. Operating
management has strong support from an active board of consulting
directors with extensive experience in mining, milling and exploration.
ON BEHALF OF THE BOARD
"Douglas F. Good"
Douglas F. Good, Chairman
Investor information contact:
Empire Communications Inc.
Tel: 1-866-841-0068
Email: info@rochesterresourcesltd.com
Website: www.rochesterresourcesltd.com
Forward Looking Statements
This Company Press Release contains certain "forward-looking"
statements and information relating to the Company that are based on
the beliefs of the Company's management as well as assumptions made by
and information currently available to the Company's management. Such
statements reflect the current risks, uncertainties and assumptions
related to certain factors including, without limitations, competitive
factors, general economic conditions, customer relations, relationships
with vendors and strategic partners, the interest rate environment,
governmental regulation and supervision, seasonality, technological
change, changes in industry practices, and one-time events. In
addition, the Company has not conducted an independent feasibility
study on the Mina Real project which may increase the risk that the
planned operations are not economically viable. Should any one or more
of these risks or uncertainties materialize, or should any underlying
assumptions prove incorrect, actual results may vary materially from
those described herein.The TSX Venture Exchange has not reviewed and
does not accept responsibility for the adequacy or the accuracy of this
release..
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Copyright (c) 2007 ROCHESTER RESOURCES LTD. (RCT) All rights reserved.
For more information visit our website at
http://www.rochesterresourcesltd.com/ or send
mailto:info@rochesterresourcesltd.com
Message sent on Wed Feb 28, 2007 at 6:19:36 AM Pacific Time
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