/NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES OF
AMERICA/
HALIFAX,
May 17, 2013 /CNW/ - Oceanus
Resources Corporation (TSXV: OCN) ("Oceanus" or the "Company")
announces that further to its press release of April 18, 2013, MPX Geophysics of Markham Ontario ("MPX") has completed 605 line
kilometer Helicopter Magnetometer and Gamma Spectrometer
("Radiometrics") on the La Lajita
property covering over 3,200 hectares in Durango, Mexico.
The preliminary field data has revealed several
areas of interest. MPX is currently processing the data from
the complete survey and Oceanus anticipates the delivery of the
final maps and report by the end of May.
Oceanus also announces that the Board of
Directors has granted stock options to directors, officers and
consultants in respect of an aggregate of 1,270,000 common
shares. The exercise price of the stock options is
$0.20 per share. The stock
options, which were granted under Oceanus' 2010 Stock Option Plan,
expire ten years from the date of grant.
David R. Duncan,
P. Geo., a director of the Company, is the Qualified Person for
Oceanus as defined under National Instrument 43-101. Mr.
Duncan has reviewed the scientific and technical information in
this press release.
About Oceanus Resources Corporation
Oceanus Resources Corporation is a well-financed
gold exploration and development company run by a team of mining
professionals with international experience in discovering open pit
gold mines. Oceanus is exploring the 3200 km2 La Lajita
Property located in the Sierra Madre Mountains of Durango, Mexico. Epithermal,
low-sulphidation gold and silver mineralization associated with
considerable hematite and silica alteration is hosted along NW-SE
trending fault/breccia structures that have been traced over a
strike length of 2 km and to known depths of 150 meters. The
mineralization is exposed on surface in numerous small scale
"gambusino" workings and in underground workings at the Mina la
Guadalupe deposit.
CAUTIONARY STATEMENT:
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.
This News Release includes certain
"forward-looking statements". All statements other than
statements of historical fact, included in this release, including,
without limitation, statements regarding potential mineralization
and reserves, exploration results, and future plans and objectives
of Oceanus, are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results
to differ materially from Oceanus's expectations are exploration
risks detailed herein and from time to time in the filings made by
Oceanus with securities regulators.
SOURCE OCEANUS RESOURCES CORPORATION
