Oroco Wins Xochipala Appeal

February 6, 2014

VANCOUVER, British Columbia – (February 6, 2014) Oroco Resource Corp. (TSX-V: OCO) (“Oroco” or “the Company”) is pleased to announce that the Federal Tribunal of Mexico has granted the Company’s appeal of the decision of the lower Federal District Court and has ordered that all aspects of the 2011 Guerrero State Court auction (the “Court Auction”) of a 50% interest in the Celia Gene and a 100% interest in the Celia Generosa concessions (collectively, the “Camacho Interest”) be set aside.  The decision of the Federal Tribunal confirms that the Company’s subsidiary, Minera Xochipala, S.A. de C.V., is the sole registered owner of 100% of each of the Celia Gene and Celia Generosa concessions (the “Xochipala Property”) and terminates the competing claim of Mr. Avinadain Bautista (“Bautista”) arising from the Court Auction of the Camacho Interest.

The Federal Tribunal also dismissed the appeal by Bautista which sought to enforce his claim to the Camacho Interest.  Upon granting the Company’s amparo and setting aside the entire Court Auction process, the Federal Tribunal determined that Bautista had no legal claim or interest in the concessions and thus had no legal standing to petition the courts.

The decision of the Federal Tribunal is final, with no appeal available.  For further detail on the background of this matter, see the Company’s news release of June 4, 2013 and its most recent Management Discussion and Analysis, which is available on SEDAR.

For further information, please contact:
Mr. Craig Dalziel, President and CEO
Oroco Resource Corp.
Tel: 604-688-6200

Neither 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.

Subscribe for Updates

These historical resource estimate models are based upon historical resource estimates prepared by John Thornton in 2011. While, in the opinion of Dane A. Bridge, author of the revised NI 43-101 standard technical report, Geology, Mineralization and Exploration of the Santo Tomas Cu-(Mo-Au-Ag) Porphyry Deposit, Sinaloa, Mexico dated April 21, 2020 (the “Report”), reliable estimation practices were used, in order to upgrade or verify the historical estimations, resampling and assay of historical drill samples, twinning of historical drill holes, and a new program of regularly spaced drilling is required. No qualified person has undertaken sufficient work to classify the current mineral resources or mineral reserves upon which these models are based and the Company is not treating the estimates as current estimates of the mineral resources. The Company gives no assurance that either these models or the historical resource estimates upon which they are based are accurate, and does not undertake any obligation to update the models or to release publicly any update or revisions of the resource estimates except as required by applicable securities law. The reader is cautioned not to rely upon these models or the historical resource estimates upon which they are based.

Please signify your understanding:

I Agree