News Release - Wednesday, July 17, 2013 Guyana Frontier Provides Corporate Update
North Vancouver, Canada, July 17, 2013 - Guyana Frontier Mining Corp. ("Guyana Frontier") is pleased to announce its wholly-owned subsidiary Romanaex (Guyana) Exploration Limited ('Romanex") has entered into a letter of intent (the "LOI") with Mulgravian Ventures (Guyana) Inc. ("MVGI"), whereby MVGI will manage the Marudi Mountain Gold Project ("Marudi Mountain"). Management of Marudi Mountain will include a mining operation (the "Mining Operation') from the alluvial, elluvial and colluvial deposits on the property. In addition to the Mining Operation, MVGI will be responsible for managing Marudi Mountain's camp infrastructure, logistics and security. Guyana Frontier will maintain the responsibility of developing and advancing Marudi Mountain through its exploration activities relating to hard rock mining. The parties are currently preparing a definitive management agreement which will detail the terms of the agreement. In preparation of the Mining Operation and for property management purposes MVGI has begun mobilization of equipment to Marudi Mountain. Five Star Property The Diamond drilling program on the Five Star Gold Project, located in northwest Guyana, South America is completed (see Guyana Frontier new release dated November 27, 2012). Guyana Frontier is awaiting a report from the property operator Mulgravian Ventures Corporation ("Mulgravian"), a private Canadian company. The Five Star Gold Project is a joint venture with Mulgravian holding a 51% interest and Guyana Frontier holding a 49% interest. Otomung PropertyIn June 2013, Guyana Frontier surrendered the Otomung property, which consists of two prospecting licences, back to the properties underlying vendor, Guiana Shield Resources Inc. About Guyana FrontierGuyana Frontier is a public mineral exploration company listed on the TSX Venture Exchange (TSX-V: GYG), and is focused on the exploration, discovery and development of precious metals deposits within Guyana, South America. Guyana Frontier began acquiring interests in Guyanese exploration properties in 2007, and now holds various rights to obtain working interests in approximately 184,225 acres (74,555 hectares) of prospective lands. Guyana Frontier's goal is to develop a significant gold resource at its 100% owned Marudi Mountain. For further information about Guyana Frontier, please visit our website at www.guyanafrontier.com or contact E. Gelly Gnissios, President and Chief Executive Officer at (604) 558-0077.
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. Forward Looking Statements
This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that Guyana Frontier expects or anticipates will or may occur in the future, including such things as Guyana Frontier's future exploration activities and the growth of Guyana Frontier's businesses and general operations and plans.
Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation 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 statements are based on a number of material factors and assumptions. Although Guyana Frontier has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Guyana Frontier does not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.
Copyright � 2013 Guyana Frontier Mining Corp. (GF) All rights reserved. For more information visit our website at http://www.guyanafrontier.com/ or send email to news@guyanafrontier.com.
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