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Vendome Resources Enters Into Advanced Discussions to Acquire La Diana Concession

09.07.2014  |  FSCwire
Toronto, Ontario (FSCwire) - Vendome Resources Corp. (“Vendome” or “Company”) (TSXV:VDR, FRANKFURT:9VR), a Toronto, Canada based minerals exploration company with key exploration assets in Guerrero State, Mexico and The Borden Gold District, Ontario, Canada, is pleased to announce that it has entered into advanced discussions with Camsim Minas SA de CV (“Camsim”), of Mexico City, Mexico, with a view to acquiring 100% of Camsim’s wholly-owned “La Diana” concession located in the heart of the highly prolific Sierra Madre del Sur precious metals belt in Southern Mexico. Vendome and Camsim have had a working relationship for the past three and a half years under the existing La Diana concession earn-in agreement and both parties feel that the time is right to finalize a mutually rewarding arrangement.

Vendome Chief Executive Officer John Priestner commented “We believe the La Diana Project to be of tremendous merit and that it has unusually high exploration potential. Since my arrival to the Company I have made it a priority, as part of our corporate strategy, to build shareholder value. An integral part of this strategy is to acquire a 100% ownership of the La Diana concession. To that end, we are focused on concluding a very fair and equitable transaction for the Vendome shareholders in the not-too-distant-future.”

Derek Sutherland, Director General of Camsim stated “After working professionally with, and moreover, having become personally acquainted with Vendome’s new management over the past eight months, we feel very comfortable and confident in their abilities to lead the La Diana Project through the exploration and development stage. I am very impressed not only with their new Chief Executive Officer’s leadership skills, but also the geological expertise that the management team is able to bring to the project. Personally, I am enthusiastic about what the future could represent to the Camsim shareholders under Vendome’s 100% ownership of the project.”


ABOUT VENDOME:

Vendome is a mining exploration company located in Toronto, Canada. Our primary focus is to advance our flagship properties, San Javier, La Diana and San Miguel, which are located in the heart of the Sierra Madre del Sur precious metals belt, in the State of Guerrero, Mexico. The three properties encompass an area of over 17,000 hectares and have reported high grade silver samples of up to 15,000 g/t.

Vendome also owns property in the center of the Borden Lake Gold District in Ontario, Canada. Recently, Probe Mines Inc. (TSXV:PRB) made a major gold discovery in the Borden Lake area within the Kapuskasing Structural Zone (“KSZ”), which is located 60 kilometers to the southwest of our wholly-owned concessions. Our land assemblage is located in the KSZ, shares the same geological formation with Probe and is on strike with Probe’s multi-million ounce gold deposit. Borden Lake has become a new focus area for our team.

Vendome Resources Corp. is managed by an experienced team of mining professionals with extensive operating and financial experience.


ON BEHALF OF THE BOARD OF DIRECTORS OF VENDOME RESOURCES CORP.

W. John Priestner
President and Chief Executive Officer



CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

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.

This news release contains "forward-looking information" including statements with respect to the future exploration performance of the Company. This forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements of the Company, expressed or implied by such forward-looking statements. These risks, as well as others, are disclosed within the Company’s filing on SEDAR, which investors are encouraged to review prior to any transaction involving the securities of the Company. Forward-looking information contained herein is provided as of the date of this news release and the Company disclaims any obligation, other than as required by law, to update any forward-looking information for any reason. There can be no assurance that forward-looking information will prove to be accurate and the reader is cautioned not to place undue reliance on such forward-looking information.



Contact:

Vendome Resources Corp.
Robert Chisholm, Director
(647) 932-1604
info@vendomeresourcescorp.com
robert.chisholm@vendomeresourcescorp.com
www.vendomeresourcescorp.com
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