Dunav Resources Clarifies Press Release on the Exploration Update on the Tulare Copper-Gold Porphyry Project Issued on February 22, 2012
LONGUEUIL, QUEBEC -- (Marketwire) -- 02/22/12 -- Dunav Resources Ltd. (TSX VENTURE: DNV) (the 'Company' or 'Dunav') earlier today announced an exploration update on its 100% held Tulare Porphyry Project located in Southern Serbia, including drill results from the Kiseljak and Yellow Creek copper-gold porphyry target areas.
As part of the release, the Company included a table (in section 3) of all Kiseljak significant intersections completed to date, showing the proportion and tenor of the weighted average data at different value per tonne cut offs. The Company has been advised by IIROC that such disclosure is not permissible under NI 43-101. Gross value disclosure (VPT) is not permitted and the average grade of a deposit (and related cut-off grades) should only be disclosed as part of a compliant current resource estimate. Therefore, the table of data in section 3 - Drilling at Kiseljak and Yellow Creek, presented in the news release issued earlier on February 22, 2012 is hereby retracted. The balance of the information in the press release remains unchanged.
About Dunav Resources Ltd.: Dunav Resources is a mineral exploration company focussed on the acquisition, exploration and development of mineral properties in Serbia. Additional information about the Company is available on SEDAR at www.sedar.com and at www.dunavresources.com.
Dunav is well-capitalized, with approximately $6.0 million in its treasury at January 31, 2012, which it plans to use for the exploration and development of its mineral projects in Serbia. Dunav's issued and outstanding share capital totals 99,017,749 common shares, of which approximately 47.5% is held by Dundee Precious Metals Inc.
Neither the 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 press release.
Contacts:
Dunav Resources Ltd.
James Crombie,
President and Chief Executive Officer
+1.450.640.0810
info@dunavresources.com
www.dunavresources.com
