Vancouver, British Columbia--(Newsfile Corp. - May 6, 2013) - Tierra Grande Resources Inc. (OTCQB: TGRI) (the "Company") is pleased to announce the re-signing of a strategic alliance agreement (the "Strategic Alliance") with Mining Plus Pty Ltd ("Mining Plus").
Mining Plus is a leading firm of mining professionals that provides mining engineering, geology, environmental, geotechnical and safety consultancy services. Mining Plus operates on an international scale with offices in Australia, Canada and Peru. Mining Plus services mining companies from the conceptual stage of projects right through to feasibility study work, project delivery, commissioning and mine closure. Tierra Grande is pleased to confirm the continuing involvement with Mining Plus and will look to capitalize on its extensive support to unlock the value from its projects. Access to expertise and resources at Mining Plus's office in Lima will enable Tierra Grande to effectively and efficiently manage its entry into South America, as the Company will be able to gain access to Australian mining practices and standards in a cost effective and timely manner. Mr Ben Auld, Managing Director, and Mr Paul Murphy, Peru Manager, will represent Mining Plus in the Strategic Alliance.
In addition, the Company would like to announce the appointment of Mr. Brad Evans to the Board of Directors. Mr Evans has been the General Manager of Mining Plus Pty Ltd., for the past five years and has more than 15 years of experience in the mining industry in a diverse range of roles, from production, planning and management of mine sites, to organizational leadership. Mr. Evans technical and management experience will be vital in establishing best mining practice and also aid in the development of the Company from an explorer to a producer.
Simon Eley, President and CEO of the Company stated, "The re-signing for the Strategic Alliance under the Tierra Grande banner and appointment of Mr. Evans is a pivotal step in the evolution of the Company. Combined, both reinforce the Company's reinvigoration and that positive measures are being taken to grow the Company and thereby increase returns to shareholders. The Alliance will be essential in the Company's successful entry into the South American mining industry."
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.
For further information, please contact Mr. Simon Eley, President, at +61 (0) 8 9384 6835.
Source: Tierra Grande Resources Inc.