Minsud Resources Corp. Announces Early Warning Update

TORONTO, ONTARIO -- (Marketwired - Apr 10, 2015) - Minsud Resources Corp. (TSX VENTURE:MSR) ("Minsud" or the "Company") announces that Compañía de Tierras Sud Argentino S.A. ("CTSA", address: 684 Esmeralda Street, 14th floor, Buenos Aires, Republic of Argentina), an insider and control person of the Company, and Mr. Carlos Adamo (address: Carlos Pellegrini 1427, 3rd floor,Ciudad de Buenos Aires, Republic of Argentina) acquired 4,621,443 units and 1,489,378 units of the Company, respectively, at $0.10 per unit in connection with the recently completed private placement of the Company, each unit consisting of one common share (the "Shares") and one common share purchase warrant (the "Warrants") of the Company. The 4,621,443 Shares and 1,489,378 Shares, acquired by CTSA and Mr. Adamo, represent 6.24% and 2.01%, respectively, of the 74,104,604 Shares outstanding as of April 9, 2015.

CTSA now owns (a) 20,733,743 Shares, (b) 4,621,443 Shares are issuable upon the exercise of Warrants expiring on April 9, 2017, (c) 2,912,000 Shares are issuable upon the exercise of Warrants expiring on August 28, 2016, (d) 3,800,000 Shares are issuable upon the exercise of Warrants expiring on February 21, 2016, (e) 1,200,000 Shares are issuable upon the exercise of Warrants expiring on September 10, 2015, and (f) 790,000 Shares are issuable pursuant to a put and call option agreement with the Issuer, representing, in the aggregate, approximately 38.95% of the total issued and outstanding Shares, calculated on a partially diluted basis assuming the exercise of the convertible securities described in items (b), (c), (d), (e) and (f) above. CTSA's Vice President, Diego Eduardo Perazzo, who may be considered a joint actor with respect to CTSA, owns (a) directly 880,803 Shares, (b) 100,000 Shares are issuable upon the exercise of Warrants expiring on August 28, 2016, (c) 500,000 Shares are issuable upon the exercise of stock options expiring on June 9, 2016, (d) 25,000 Shares are issuable upon the exercise of stock options expiring on August 17, 2017, (e) 40,000 Shares are issuable upon the exercise of stock options expiring on September 10, 2018, (f) 120,000 Shares are issuable upon the exercise of stock options expiring on May 12, 2019 and (g) 100,000 Shares are issuable upon the exercise of stock options expiring on November 20, 2019, representing, in the aggregate, approximately 2.35% of the total issued and outstanding Shares, calculated on a partially diluted basis assuming the exercise of the convertible securities described in items (b), (c), (d), (e), (f) and (g) above. In aggregate, CTSA and its joint actor own 21,614,546 Shares (35,822,988 including Shares issuable upon the exercise or conversion of the securities described above), representing approximately 29.17% of the total issued and outstanding Shares (approximately 40.56% on a partially diluted basis assuming the exercise of the convertible securities described above).

Mr. Adamo now owns (a) 5,072,713 Shares, (b) 1,666,667 Shares are issuable upon the exercise of Warrants expiring on February 21, 2016, (c) 1,916,667 Shares are issuable upon the exercise of Warrants expiring on August 28, 2016 and (d) 1,489,378 Shares are issuable upon the exercise of Warrants expiring on April 9, 2017, representing, in the aggregate, approximately 12.81% of the total issued and outstanding Shares, calculated on a partially diluted basis assuming the exercise of the convertible securities described in items (b), (c) and (d) above.

The above purchasers acquired and intend to hold the securities for investment purposes. The purchasers, depending on market and other conditions, may increase their beneficial ownership, control or direction over the Shares or other securities of Minsud through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise, in accordance with applicable securities regulations. Depending on market or other conditions, the purchasers may sell all or a portion of the Shares.

An early warning report with additional information with respect to each of CTSA and Mr. Adamo will be filed on SEDAR at www.sedar.com, copies of which may be obtained by contacting the persons listed below.


About Minsud Resources Corp.:

Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Cu-Mo-Au-Ag Project, in the Province of San Juan, Argentina. The Company also holds a 100% owned portfolio of selected early stage prospects, including 28,000 has in Santa Cruz Province, Argentina.


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.



Contact

Minsud Resources Corp.
Carlos Massa, President and Chief Executive Officer
+54-11-4328-4067
cmassa@minsud.com

Minsud Resources Corp.
Mike Johnston
416-479-4466
mike@minsud.com