Zone Receives Notice of Potential Dispute on Labrador Trough Claims
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/29/12 -- Zone Resources Inc. (TSX VENTURE: ZNR) reports that it has been notified by a third party of a potential dispute over certain claims pertaining to the Company's Labrador Trough iron properties in the Nunivik region of northern Quebec.
Subsequently, the Company has received confirmation from the vendor and the staker of the claims that the agreements previously executed are in full force and effect. Based on the facts as the Company understands them, the Company believes that the third party claim is without merit and is prepared to defend its position.
About Zone Resources Inc.
Zone Resources Inc. is a Canadian Iron ore exploration and development company with 4 major projects situated in the Labrador Trough of Quebec, Canada.
Cautionary note:
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
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 release.
Contacts:
Zone Resources Inc.
Archie Boyce
Director
(604) 683 5445
(604) 687 9631 (FAX)
info@zone-resources.com
www.zone-resources.co
