Trading Symbol (TSX-V): YGI
VANCOUVER, Sept. 11 /CNW/ - Yamiri Gold and Energy Inc. ("Yamiri or the
Company") is most pleased to report positive news regarding the exploration
and mining situation in La Rioja, Argentina, where the Company holds several
excellent projects through its subsidiary, Yamiri S.A.
On August 7th 2008, the "anti-mining" law, previously approved by the La
Rioja Provincial Legislature in March 2007, was over-turned and repealed by a
vote of 21 to 1. The original law prohibited "open-pit mining and the use of
cyanide and other contaminants". The La Rioja Legislature has annulled that
ban which effectively brought Yamiri's exploration activities to a halt in the
Province, including our joint ventures with Barrick Gold Corporation (Famatina
gold-copper property) and Deprominsa (El Potro gold-copper-molybdenum), and
our 100%-owned Helvecia uranium property.
Over the past month, statements and initiatives by the La Rioja
Provincial Government confirm a return to a healthier environment for the
exploration and development of the province's mineral resources; something
that is being enjoyed by the communities in the adjacent provinces of San Juan
and Catamarca. According to local press reports, a senior La Rioja provincial
government official stated: "This Government ... is interested in promoting
mining because it believes that without mining investments development ... the
Province will lag behind for generations to come".
Yamiri supports the La Rioja Government's recent decision and we
re-confirm our commitment to the sustainable development of mineral resources
in the Province and wherever we operate. As a responsible Canadian company,
our mission is to invest, explore, and develop natural resources in an
environmentally safe and sustainable manner for all concerned, especially for
the people and communities where we operate.
Yamiri Gold & Energy Inc. now looks forward to a full resumption of its
exploration activities in La Rioja Province.
YAMIRI GOLD AND ENERGY INC. (TSX-V: YGI) is an exploration and
development company focused on developing precious metals and energy-related
natural resources in South America. The company's strategy is to advance and
add value to its existing properties in Argentina and to acquire targets of
merit in adjacent countries where we have rapidly opened up several exciting
opportunities over the past 18 months.
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) the return of our joint venture partners to exploring in the Province; (2)
Yamiri's ability to discover mineral resources through its exploration
program; (3) changing regulations regarding Yamiri's activities and other
risks associated with exploration and development of mineral properties; (4)
general business and economic conditions; and (5) 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: Callum Grant, Vice President Projects, Phone:
+(54) (9) (3822) 688709 (Cellular), Email: email@example.com; Gordon Keep,
Phone: (604) 609-6110