Minsud Provides Update on La Rosita Project
TSX-V: MSR
January 16, 2024
Minsud Provides Update on La Rosita Project
TORONTO, ONTARIO – Minsud Resources Corp. (TSX -V: MSR) (“Minsud” or the “Company”) is
pleased to announce that Minera Sud Argentina S.A. (“ MSA”), the Company’s indirect Argentinian
subsidiary through Minsud Argentina Inc. (“ MAI”), has signed an agreement to transfer MSA’s ownership
of the early stage La Rosita gold and silver project comprising of 6,000 ha in Santa Cruz Province, Argentina
(the “La Rosita Project”) to an arm’s length acquirer. In exchange for the transfer , which is expected to
be completed within 30 days, MAI will receive a 2.5% net smelter royalty on the La Rosita Project (the
“Royalty”). The acquirer has the option to acquire 50% of the Royal ty for US$1,500,000. The transfer of
the La Rosita Project is being made in preparation for South32 Aluminium (Holdings) Pty Ltd.’s (“South32”)
upcoming acquisition of a 50.1% ownership interest in MSA. No significant exploration or investment has
been made by the Company on the La Rosita Project as its primary focus has been the Chita Valley Project,
which it continues to avidly pursue with its partner South32.
About the Chita Valley Project, San Juan Province:
The Chita Valley Project is a large exploration stage porphyry system with classic alteration features,
widespread porphyry style Cu -Mo-Au and polymetallic Ag -Pb-Zn mineralization hosted by Hydrothermal
Phreatic Breccias and associated gold and silver -bearing polymetallic veins of intermedia te sulfide
composition that conformed an outcropping porphyry system at Chita and a lithocap of a porphyry system
at Chinchillones. San Juan Province of Argentina has a robust mining sector and recognizes the important
economic benefits of responsible development of its substantial Mineral Resource endowment.
About Minsud Resources Corp.
Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Cu-Mo- Au-Ag-Pb-
Zn Project, in the Province of San Juan, Argentina. The Company's shares are listed on the TSX -V under
the trading symbol “MSR”, and on the OTCQX under the symbol “MDSQF”.
About South32
South32 is a globally diversified mining and metals company. The company’s purpose is to make a
difference by developing natural resources, improving people’s lives n ow and for generations to come.
South32 is trusted by its owners and partners to realize the potential of their resources. South32 produces
commodities including bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel, metallurgical coal and
manganese from its operations in Australia, Southern Africa and South America. With a focus on growing
its base metals exposure, South32 also has two development options in North America and several
partnerships with junior explorers around the world.
FOR FURTHER INFORMATION PLEASE CONTACT
Ramiro Massa
President and Chief Executive Officer
www.minsud.com
+1 416-479-4466
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
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 programs, capital expenditures and objectives. Forwar d-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 worthiness or financial condition of suppliers and o ther 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 with 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 opportunitie s 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.
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.