TORONTO, ONTARIO — (Marketwire) — 03/25/13 — Solid Gold Resources Corp. („Solid Gold“) (TSX VENTURE: SLD) announced today that Mr. Stephen De Vos, Director of Exploration, Ministry of Northern Development and Mines („MNDM“), has used his discretionary powers to prevent Solid Gold from exploring its Legacy property near Timmins, Ontario. Under the new mining act, Solid Gold has no right of appeal. The Director used these extraordinary powers despite the following facts:
In these circumstances, Mr. De Vos- conduct is alarming. Mr. De Vos-s decision appears to be a politically motivated abuse of power and indicates the unfair political interference that permeates the new exploration regime. This should be of great concern to the exploration industry in Northern Ontario.
Business of Solid Gold Resources Corp.
Solid Gold is a junior mining exploration and development company, which controls a +/-200- square-kilometer prospect hosting potential for discovery of economic mineralization at Lake Abitibi near the Porcupine Fault zone in Northern Ontario.
The information in this news release includes certain information and statements about management-s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although Solid Gold believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, Solid Gold disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
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.
Contacts: Solid Gold Resources Corp. Alan Myers (905) 731-2303
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