Hispania Resources Announces Year End Financial Results and Update

April 29, 2024 8:00 PM EDT | Source: Hispania Resources Inc.

Toronto, Ontario--(Newsfile Corp. - April 29, 2024) - Hispania Resources Inc. (TSXV: ESPN) ("Hispania" or, the "Company"), a mineral exploration company focused on Spain, filed its Consolidated Financial Statements for the year ended December 31, 2023 and the accompanying Management's Discussion and Analysis ("MD&A") on its SEDAR+ profile at www.sedarplus.ca.

Spain Administration

Hispania has filed all requisite paperwork for the refund of the Value Added Tax payments it has made with Taxation Authorities in Spain for the year ended December 31, 2023, and will advise on these returns as they arrive to the Company. Hispania also expects to make a transfer tax and environmental bond payment to the administration of Castilla y Leon this week; as well as a payment of mining duties to Extremadura. The Company is pleased to report that all other administrative works for each project have been completed and are up to date.

Corporate Awareness

Hispania also announces that it has engaged Shore Thing Media, LLC ("STM") to co-ordinate with Company management regarding marketing ideas, re-distribution of press releases and memorandum describing the Company's business together with such other materials as may be reasonably required for marketing of the Company. The agreement is for a 2-month term commencing April 29, 2024, with a cost of USD $50,000, payable at the conclusion of the engagement. The principal of STM is Michael McTigue. STM and its principals are arm's length to the Company. No stock options are being granted to STM under the terms of its engagement, and to the knowledge of the Company, STM does not own any common shares or other securities of the Company. The fees payable to STM will be paid from the working capital of the Company.

About Hispania Resources Inc.

Hispania Resources Inc is a mineral exploration company focused on mining opportunities in Spain. Hispania is currently focused on developing 3 core assets across Spain, including the copper, zinc project Otero, the formerly producing tin project Lumbrales and the copper, zinc Puebla de la Reina project. The management of Hispania contains industry veterans who have more than 120 years of mineral exploration and production experience in multiple jurisdictions and have successfully managed multiple international mining companies. This includes in Spain, where some of the team was responsible for the founding and building of Iberian Minerals with the continued support of the local and regional governments, including the well-developed and sophisticated transportation and mining infrastructure.

For more information on Hispania Resources Inc., visit: http://HispaniaResources.com/.

Contact Information

For more information or interview requests, please contact:

Norman Brewster - Chief Executive Officer
(416) 970-3223

Rahim Allani - Director
(416) 457-0549

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information can be identified by words such as: "intend", "believe", "estimate", "expect", "may", "will" and similar references to future periods. Examples of forward-looking information include, among others, the expected services to be provided by STM, the payments expected to be made by the Company as well as information relating to Hispania. Although Hispania believes that, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because Hispania can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the future plans of Hispania may differ from those that currently are contemplated Additional risks include those disclosed in the Filing Statement, which are incorporate herein by reference and are available through SEDAR at www.sedarplus.ca. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

This news release is not an offer of the securities for sale in the United States. The securities described in this news release have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended) absent registration or an exemption from registration. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state in which where such offer, solicitation or sale would be unlawful.

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 news release.


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/207316