🕐08.08.12 - 01:54 Uhr
FIRESTONE VENTURES - GUATEMALA COUNTRY UPDATE
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Re: Tuesday, August 07, 2012
Firestone Ventures - Guatemala Country Update
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Firestone Ventures Inc.
is pleased to provide a country update on
Guatemala.
During the course of the Winter/Spring 2012 field season,
Firestone made several new high-grade zinc discoveries and advanced
exploration to drill-ready status on several projects in the central
Guatemala zinc belt.
"Having just spent the week in Guatemala City meeting with ministry
officials we are very pleased by the announcement on Friday, August 3
by the President to remove the proposed change to the Guatemala
constitution that contemplated state ownership of up to 40% in new
natural resources projects," says Pamela Strand, President & CEO of
Firestone Ventures Inc.
"Guatemala has new political leadership since
January 2012 and this news should provide clarification for investors
and enable Firestone to move forward on exploration efforts on our
pipeline of new zinc discoveries in Guatemala."
The Guatemala government has made it clear that the governments intent
was not to nationalize projects and the decision was made to rescind
such proposed additions.
According to the press release form the Press
Secretary of the President, Number 127 issued on August 3, 2012, the
official position of the President is to withdraw this from the
constitutional reform.
The announcement was made to provide clarity
and stability for foreign and local investment.
Firestone continues to
monitor the remaining proposed changes to the Mining Law in Guatemala.
The press release can be found at the following link:
http://www.guatemala.gob.gt/index.php/boletines/item/1110-ejecutivo-ex
cluye-de-reformas-tema-minero-y-fondo-soberano.
For more information: Pamela Strand, P.
Geol., President
Toll Free: 1-888-221-5588 Fax: (780) 428-3476
www.firestoneventures.com
Trading Symbol: FV:TSX-V;F5V: FSE
This update may contain forward looking statements, being statements
which are not historical facts, including, without limitation,
statements regarding potential mineralization, exploration results,
resource or reserve estimates, anticipated production or results,
sales, revenues, costs, "best-efforts" financings or discussions of
future plans and objectives.
There can be no assurance that such
statements will prove accurate.
Such statements are necessarily based
upon a number of estimates and assumptions that are subject to numerous
risks and uncertainties that could cause actual results and future
events to differ materially from those anticipated or projected.
Important factors that could cause actual results to differ materially
from the Companys expectations are in Company documents filed from
time to time with the TSX Venture Exchange and provincial securities
regulators, most of which are available at www.sedar.com.
The Company
disclaims any intention or obligation to revise or update such
statements unless required by law.
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 update.
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Copyright (c) 2012 FIRESTONE VENTURES INC.
(FV) All rights reserved.
For more information visit our website at
http://www.firestoneventures.com/ or send
mailto:
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