247 Major Street, Toronto, ON, M5S 2L5 Canada Tel.
416-203-3957 • Fax 416-203-4197
www.cuervoresources.com
PRESS RELEASE
FOR IMMEDIATE RELEASE
CUERVO CLOSES FIRST SALE OF SURPLUS IRON RESOURCE PROPERTIES
IN PERU
September 24, 2012 - Toronto, ON
Cuervo Resources Inc. (CNSX-FE; FWB-CRR; "Cuervo" or the
"Company") is pleased to report the closing of the first of
an expected series of non-core iron resource property sales
in Peru. The sale, to Chinese interests for proceeds of
US$200,000, covers two parcels totaling 160 hectares in the
coastal Province of Trujillo in northern Peru.
Cuervo retains an inventory of 6,600 hectares of unexplored
and unrestricted claims in Peru of which 1,400 hectares are
adjacent to or in nearby districts to the parcels that have
been sold. Northern Peru, of which the Province of Trujillo
is part, has a long history of artisanal and small scale
mining for gold. This activity has extended into iron ore
production in recent years owing to sharply increased Pacific
Rim demand and prices.
Given strong evident demand for prospective iron resource
properties in Peru, Cuervo management will seek Board
authorization for the sale of wholly-owned property interests
which are not strategic to its flagship Cerro Ccopane Iron
Project in south central Peru. Advanced exploration activity
at the Cerro Ccopane Iron Project is currently being funded
under the first of a two stage C$15 million Investment
Agreement with Strike Resources Limited of Perth,
Australia.
For further information, please contact Mr. Brian Berner, CEO
and a Director of the Company, at 416-203-3957 ext 201 or Mr.
Tom Berner, Investor Relations, at 416-203-3957 ext 202.
Additional information about Cuervo can be found at the
Company's website at www.cuervoresources.com.
The Canadian National Stock Exchange (CNSX Markets Inc.) has
neither approved nor disapproved of the contents of this
press release.
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