Minsud completes a restructuring of the Minas de Pinto Option
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TSX-V: MSR
May 8, 2020
Minsud completes a restructuring of the Minas de Pinto Option
TORONTO, ONTARIO – Minsud Resources Corp. (TSX-V: MSR) (“Minsud” or the “Company”)
is pleased to announce that it has completed a restructuring and second addendum to the Minas de
Pinto Option Agreement.
On May 6, 2014, Minsud announced that its Argentine subsidiary, Minera Sud Argentina S.A. (“MSA”),
acquired a 50% beneficial interest in a trust that owns the Minas de Pinto properties (the “MDP Trust”)
comprising part of Minsud’s Chita Valley project, with the remaining 50% subject to an option
agreement granted in favor of MSA for a total consideration of US$ 1,335,000.
As a result of the renegotiation with Minas de Pinto owners, now the parties have entered into a
Transfer Agreement, where the Minas de Pinto owners have transferred to MSA an additional 15%
beneficial interest in the MDP Trust for total consideration of US$ 400,000, payable in 8 biannual
instalments of US$ 50,000 each, starting on May 7, 2020 until November 7, 2023.
Additionally, the parties entered into a second addendum to the Minas de Pinto Option Agreement to
purchase the remaining 35% interest in the MDP T rust by paying US$ 935,000 on or before April 7,
2024. Such Option includes tenure of the mining properties and the exclusive right to explore and
prospect on the Minas de Pinto properties.
About the Minas de Pinto Property:
The Minas de Pinto properties group is made up of the following mining concession s: Arqueros, San
Marcos, Estrellita, Paulita, Paulita II, Pierina II, Pierina III, San Pablo, San Urbano and Rosita II,
covering a surface of 2,445 hectares in the eastern part of the Chita Valley Project, adjacent to the
Chita property.
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 6,000 ha in Santa Cruz Province, Argentina.
FOR FURTHER INFORMATION PLEASE CONTACT
Alberto F. Orcoyen
President and Chief Executive Officer
Ramiro Massa
Controller - Corporate Secretary
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This news release includes certain information that may constitute forward -looking information under
applicable Canadian securities laws. Forward -looking information includes, but is not limited to,
statements about strategic plans, spending commitments, future operations, results of exploration,
anticipated financial results, future work pro grams, capital expenditures and objectives. Forward -
looking information is necessarily based upon a number of estimates and assumptions that, while
considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which
may cause the actual results and future events to differ materially from those expressed or implied by
such forward-looking information including, but not limited to: fluctuations in the currency markets
(such as the Canadian dollar, Argentina peso, and the U.S. dollar); changes in national and local
government, legislation, taxation, controls, regulations and political or economic developments in
Canada and Argentina or other countries in which the Corporation may carry on business in the future;
operating or technical difficulties in connection with exploration and development activities; risks and
hazards associated with the business of mineral exploration and development (including
environmental hazards or industrial accidents); risks relating to the credit wo rthiness or financial
condition of suppliers and other parties with whom the Company does business; presence of laws and
regulations that may impose restrictions on mining, including those currently enacted in Argentina;
employee relations; relationships w ith and claims by local communities; availability and increasing
costs associated with operational inputs and labour; the speculative nature of mineral exploration and
development, including the risks of obtaining necessary licenses, permits and approvals from
government authorities; business opportunities that may be presented to, or pursued by, the Company;
challenges to, or difficulty in maintaining, the Company’s title to properties; risks relating to the
Company’s ability to raise funds; and the factors identified under “Risk Factors” in the Company's Filing
Statement dated April 27, 2011. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on forward-looking information. All
forward-looking-information contained in this news release is given as of the date hereof and is based
upon the opinions and estimates of management and information available to management as at the
date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events or otherwise, except as required by
law.
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