Tierra Grande Resources Enters Letter of Intent to Acquire the Buldibuyo Gold Project in Peru

July 25, 2013 8:48 PM EDT | Source: Tierra Grande Resources Inc.

Mosman Park, Western Australia--(Newsfile Corp. - July 25, 2013) - Tierra Grande Resources Inc. (OTCQB: TGRI) (the "Company") is pleased to announce that a Letter of Intent ("LOI") has been executed to acquire the Buldibuyo Gold Project in Peru.

The Buldibuyo Gold Project offers Tierra Grande Resources the opportunity to deliver near term gold production and cash flow. It is the intention to acquire 100% of the gold project, which has produced high grade ore in the past. With support from the Company's strategic relationships and personnel in Peru, Tierra Grande Resources will engage in due diligence to qualify future expectations and timelines.

President & CEO Mark Kalajzich commented, "This is the first of many steps forward in value creation for shareholders. The Buldibuyo Gold Project not only allows the potential for near term cash flow but is also perfectly aligned with our strategic relationships in South America. The Company's keen to progress the development of the asset and we will commence our formal Due Diligence process immediately. I welcome the opportunity to share our vision for Tierra Grande with shareholders in the very near future."

As previously announced, Tierra Grande Resources is undertaking efforts to communicate more effectively with shareholders. In addition to the current review of our web and email content, the company will shortly release an Investor Presentation containing the Buldibuyo Gold Project.

For further information, please contact Mr. Mark Kalajzich, President & CEO, at mark@tgresources.com

About Tierra Grande Resources Inc.:

Tierra Grande Resources is an exploration stage company whose principal business is the acquisition and exploration of mineral resources. Information about the business of the company can be found in its filings with securities regulatory authorities.

Forward-looking Statements:

This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could", "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential" and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results. Investors should refer to the risks disclosed in the Company's reports filed from time to time with the Securities and Exchange Commission and available at www.sec.gov.

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