Sino-Sud Resources Obtains Approval to Expand Ecuadoran Mining Operations
06/15/2012

Sino-Sud Resources gains authorization to further expand their exploration and development of the Napo Basin Mining Concession in Ecuador.

Online PR News – 15-June-2012 – Guangzhou, China – After long term negotiations, Sino-Sud Resources announced that it has reached agreements with local, civil and national authorities to expand the Napo Basin Mining Concession to continue with both exploratory drilling and development of the concession in general. The company confirmed that “This signifies the initial phase in accelerating proposed production stages at Napo to procure the benefits of the considerable reserves of the property”.

In addition to the approval for Sino-Sud Resources’s extension of the Napo Basin Concession, the company will also gain from tax incentives that have been accorded them for preproduction construction and further infrastructure development. Some of the incentives that might apply are capital expenditure relief, generous allowances on plant, machinery and commercial vehicles as well as for prospecting and mining expenses under special circumstances.

With demand for gold continuing at an ever increasing rate, there is continued need to further exploration and development. Industry insiders say that there is just not sufficient supply to meet demand. Earlier this year it was announced that amid continually strong prospecting results and financial forecasting, Sino-Sud Resources plans an Initial Public Share Offering (IPO) in the fourth quarter of 2012.

This press article contains forward looking statements. Past performance does not guarantee future results. This article does not constitute any part of Sino-Sud Resources’ annual report, prospectus, offering memorandum or any other document required for Security Commission compliance. Sino-Sud Resources makes every effort to ensure the accuracy of the contents of its articles. There may be errors, omissions, technical or typographical errors for which the company assumes no responsibility. Sino-Sud Resources does not guarantee, warrant or make any representations regarding the accuracy, usefulness, validity, reliability or completeness of the information contained in this article. Sino-Sud Resources will not be held liable for any direct or indirect damages including, but not limited to, negligence by employees or persons working under contract for the company.

Investors should never rely solely on the information contained in this article. The information contained in this article is not a substitute for independent professional guidance. Advice should be acquired from an investment advisor who has the authority to trade in Sino-Sud Resources securities. Duplication, re-transmission or modification of this article, either electronically or otherwise is strictly prohibited without the express permission of Sino-Sud Resources. An official copy of this article can be obtained by sending a self addressed envelope to Sino-Sud Resources, Level 54 Guangzhou IFC, No.5, Zhujiang Road West, Guangzhou 510623 PRC, China. Please use our contact us form on the companies official website at sinosud.com for any other enquiries.