VANCOUVER, British Columbia, Jan. 14, 2013 (GLOBE NEWSWIRE) -- Robert Gardner, President of Laredo Resources Corp., (OTCBB:LRDR) is pleased to announce that Thirty-Eight (38) additional mining claims on the Pony Mountain property near Pony, Montana, have been located and physically staked by Gene Nellis, a geologist and his staking crew, under contract with Magna Management Ltd., the optionor for the Pony Mountain property. These claims are now filed in the Virginia City Courthouse in Montana. When the documentation is completed, filings will take place with the Bureau of Land Management which will complete the process. As a result of these new stakings, the total package under option amounts to 110 unpatented mining claims in the Mineral Hill District at Pony, Montana.
Laredo Resources Corp.'s option to acquire the property has been extended to February 20, 2013 by agreement with the owners. In the meantime, Magna continues to make the ongoing monthly payments set out in its contract. This extension continues to secure Laredo's position and opportunity in terms of becoming the owner of the Pony Mountain property.
Forward-looking & Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and those statements are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve 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. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.