Brionor Resources Inc. ("Brionor" or the "Company") (TSX VENTURE:BNR) is pleased
to announce that its shareholders approved, at the annual and special meeting of
shareholders (the "Meeting") held in Toronto on December 12, 2012, the sale of
the Company's Pitt Gold project to Xmet Inc. ("Xmet") (TSX VENTURE:XME) (see
press release of the Company dated May 16 and October 1st, 2012 for more
information on the transaction). At the Meeting, the shareholders also
reconfirmed the mandate of Lewis Lawrick, Robert Ayotte, John McBride, Michael
J. Byron and Robert Leckie as directors of the Company. Furthermore, the mandate
of parker simone was confirmed as auditors of the Company for the financial year
ending August 31, 2013 and the shareholders approved the conversion of the
Company's stock option plan into a 10% rolling plan.


The Company also announces that it has agreed to extend the deadline to complete
the transaction with Xmet to April 30, 2013 as the amended and restated asset
purchase agreement executed by the parties on September 27, 2012 contemplated a
closing of the transaction at the latest on December 17, 2012. As previously
disclosed, the completion of the transaction is subject to a number of
conditions, including but not limited to, the exercise of Xmet's option to
purchase a 75% interest in the Duquesne-Ottoman project, the acquisition from
Cliffton Star Inc. of its 100% interest in a series of mineral claims known as
the Duquesne Mine and both parties obtaining all necessary approvals, including
the required regulatory approvals.


Lew Lawrick, President and CEO of Brionor commented: "The shareholders of the
Company have approved by an overwhelming majority the decision of the board of
directors to sell the Pitt Gold Project and we wish to thank them for their
support. We feel this transaction is in the best interest of the Company and its
shareholders, and we look forward to completing the transaction with Xmet and
focusing on other ventures."


Brionor is a junior mining exploration company with a portfolio of exploration
projects in Quebec.


Some statements in this release may contain forward-looking information. All
statements, other than of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will or may occur
in the future (including, without limitation, statements regarding potential
mineralization) are forward-looking statements. Forward-looking statements are
generally identifiable by use of the words "may", "will", "should", "continue",
"expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or
the negative of these words or other variations on these words or comparable
terminology. Forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond the Company's ability to control or
predict, that may cause the actual results of the Company to differ materially
from those discussed in the forward-looking statements. Factors that could cause
actual results or events to differ materially from current expectations include,
among other things, without limitation, failure by the parties to complete the
Transaction, failure to establish estimated mineral resources, the possibility
that future exploration results will not be consistent with the Company's
expectations, changes in world gold markets or markets for other commodities,
and other risks disclosed in the Company's public disclosure record on file with
the relevant securities regulatory authorities. Any forward-looking statement
speaks only as of the date on which it is made and except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Brionor Resources Inc.
Lewis Lawrick
President & CEO
647-478-5307


Brionor Resources Inc.
Robert Ayotte
Executive Chairman
450-441-9177
info@brionor.com

Brionor Resources Inc. (TSXV:BNR)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Brionor Resources Inc. Charts.
Brionor Resources Inc. (TSXV:BNR)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Brionor Resources Inc. Charts.