Trading Symbol (TSX-V): YGI
VANCOUVER, Nov. 6 /CNW/ - YAMIRI GOLD AND ENERGY INC. ("Yamiri") is
pleased to report that it has signed a Letter of Intent ("LOI") with AREVA to
establish a strategic alliance with the purpose of prospecting, exploring, and
developing radioactive mineral projects within the Americas (excluding Canada
and the United States). This alliance will initially cover seven countries in
South America with the possibility of extension to others by mutual agreement.
The LOI provides a framework in which each of the partners is entitled to a
participation of at least 50% in each mining project.
Jorge L. Gamarci, Chairman and Interim CEO of Yamiri commented: "We are
delighted with the prospect of joining forces with AREVA in a region of the
world that has seen relatively limited exploration for uranium. We believe
that this alliance creates unique synergies for both of us".
With manufacturing facilities in 41 countries and a sales network in more
than 100, AREVA is a major French company which offers customers reliable
technological solutions for CO(2)-free power generation and electricity
transmission and distribution. AREVA is the world leader in nuclear power and
the only company to cover all industrial activities in this field from
exploration and development of mineral resources through to the construction
of nuclear power plants fuel treatment and recycling of reusable materials.
Yamiri is an exploration and development company focused on developing
precious metals and energy-related resources in South America. Yamiri's
strategy is to advance and add value to its existing properties in Argentina
through sequential exploration and joint venture programs while also acquiring
additional precious metal and energy-related targets of merit.
For more information on Yamiri Gold & Energy Inc., please visit our
website at www.yamirigold.com.
Forward looking Statements
This press release contains forward looking statements concerning
Yamiri's objectives and exploration program. Examples of such risks,
uncertainties and other factors include, but are not limited to the following:
(1) Yamiri's ability to discover mineral resources through its exploration
program; (2) changing regulations regarding Yamiri's activities and other
risks associated with exploration and development of mineral properties; (3)
general business and economic conditions; and (4) political and economic
developments in Argentina. Actual results and developments are likely to
differ, and may differ materially, from those expressed or implied in the
forward-looking statements contained herein.
For further information:
For further information: Marguerite Manshreck-Head, Vice President
Investor Relations, Phone: (613) 395-4487; Gordon Keep, Phone: (604) 609-6110