Portofino Amends Iron Horse, B.c. Option Agreement
Suite 520 – 470 Granville Street
Vancouver, BC, CANADA V6C 1V5
Telephone: 604-683-1991
Fax: 604-683-8544
www.portofinoresources.com
PORTOFINO
RESOURCES INC.
NEWS RELEASE
PORTOFINO AMENDS IRON HORSE, B.C. OPTION AGREEMENT
Vancouver, B.C., September 21, 2017. PORTOFINO RESOURCES INC. (POR: TSX-V) (“Portofino” or the
“Company”) reports that it has executed an amendment to its Iron Horse, B.C. Property Option
Agreement, originally executed in February 2012. Rich River Exploration Ltd. (the claim owner) has
agreed to extend certain cash and exploration expenditures and the Company has agreed to issue an
additional 100,000 common shares.
Portofino may earn a 100% interest in the Iron Horse-Bolivar Mineral Property (“the Property”) subject
to a 3% NSR.
The amended Option payment schedule is presented in the table below:
Date of Completion
Obligations
Cash
Payment
Number of
Common
Shares to be
issued
Minimum
Exploration
Expenditures to be
incurred
Upon execution of agreement (paid) $ 10,000 - -
On or before Feb 28, 2013 (incurred) - - $ 100,000
Upon listing (paid and issued) 15,000 85,000 -
On or before 1st anniversary of listing
(issued) - 90,000 -
2nd anniversary of listing (Dec 05, 2016) - - -
3rd anniversary of listing (Dec 05, 2017) 5,000 100,000 125,000
4th anniversary of listing (Dec 05, 2018) 25,000 - 300,000
5th anniversary of listing (Dec 05, 2019) 45,000 - 475,000
Total: $ 100,000 275,000 $ 1,000,000
The transaction is subject to TSX-V exchange approval.
About Portofino Resources Inc.
Portofino is a Vancouver, Canada based Company focused on acquiring, exploring and developing
mineral resource projects in the Americas.
On Behalf of the Board,
“David G. Tafel”
Chief Executive Officer
For Further Information Contact:
David Tafel
CEO, Director
604-683-1991
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.
This news release may contain forward looking statements concerning future operations of Portofino Resources Inc. (the “Company”). All forward-
looking statements concerning the Company’s future plans and operations, including management’s assessment of the Company’s project
expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company’s control. Investors are cautioned that
any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ
materially from any estimates or projections.