Bacanora Minerals Limited: Announces Director Resignation

Colin Orr-Ewing, Bacanora's Chairman, commented: "David has made many positive contributions to the Bacanora Board since he joined the Company as a non-executive director earlier in the year and I wish him well with his new ventures. His enthusiasm and foresight in recognizing the value of the Sonora Project at an early stage has helped drive the whole project forward."

David Lenigas further stated; "The Sonora Lithium Project has advanced a long way down the path to international recognition as a potential major new lithium supplier on the global scene. The world will need a lot more lithium that is currently being produced with the rapid development of electric/hybrid vehicle and energy storage markets in general ensures that Bacanora is well placed to capitalize on this for the benefit of its partners and shareholders."

ABOUT BACANORA:
Bacanora is a Canadian and London listed minerals explorer (TSX-V: BCN and AIM: BCN). The Company explores and develops industrial mineral projects, with a primary focus on lithium and borates. The Company's operations are based in Hermosillo in northern Mexico and it currently has two significant projects under development in the state of Sonora. The two main assets of Bacanora are:

• The Sonora Lithium Project, which consists of ten mining concession areas covering approximately 100 thousand hectares in the northeast of Sonora State. The Company, through drilling and exploration work to date, has established an Indicated Mineral Resource (in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101")) of 5.0 Mt LCE(1) contained in 364 Mt of clay at a Li grade of 2,600 ppm and an Inferred Mineral Resource of 3.9 Mt LCE contained in 355 Mt of clay at a Li grade of 2,000 ppm.
  
  
• The Magdalena Borate Project, covering 16,503 hectares in Sonora state, Mexico, where the Company's main borate zone, El Cajon, has an Indicated Resource (in accordance with NI 43-101) of 1.17 Mt of B₂O₃, at an eight percent cut-off grade. The Company has completed a number of measures to determine the geological and commercial potential of the project and is undertaking a prefeasibility exercise to determine the economic benefit of developing the mine and constructing a processing plant on site in order to become a supplier of boric acid.
  
  

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