Golden Age Resources Inc. (GDAR) Creates Key Land Purchasing Agreement with Mexican Land Owner

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May 20, 2015, 06:54 ET

PALM BEACH GARDENS, Fla., May 20, 2015 /PRNewswire/ -- GOLDEN AGE RESOURCES, INC., (OTC PINK: GDAR) a leading energy provider for large-scale "Green" power plants in Latin America and the Caribbean, today announced a new, signed Letter of Intent with a Mexican land owner for a 20 Year Land Lease Contract for The Company's first Mexican cogeneration power plant.

The Company announced today that they have signed a Letter of Intent for the first 20,000 m2 on a 20 year lease land contract to build a complete, privately owned, cogeneration power plant with a 100kw biomass to energy facility built as a scalable WTE (Waste to Energy) plant with a 2 mW/hr output by using organic municipal and/or sisal waste. Construction for the plant is scheduled to begin in Q4 of 2015.

Mr. Terence Byrne, CEO of The Company said, "This is the beginning of GDAR's ability to provide green energy power plants to the Mexican people. We are committed to establishing a model of easily duplicable power plant systems into Mexico to help relieve their current power shortages and brownouts."

The Company's Subsidiary in Mexico is creating a complete "green" energy power solution that can be replicated across Mexico, Central America and the Caribbean.

An agreement was also signed as first rights to an additional 780,000 m2 of land adjacent to the initial land agreement to expand the "green" energy facilities as a part of The Company's Multiple Plant Expansion Process.

In Mococha, Yucatan, an Additional Land Agreement was signed, that will grant The Company access to 20,000 m2 of land. This added land agreement is currently being planned to build a 500kw/h WTE Energy Plant by using sisal waste.

Mr. Thomas Wolff, Vice President of Golden Age Resources Mexico S de R.L. stated: "These long term land agreements are an exciting step for the ongoing efforts to bring clean energy to Mexico. By signing these land agreements we are able to work with the Mexican people to provide energy solutions to the land owners and to produce energy for the state-owned energy industry."

Golden Age Resources, Inc. continues to develop both commercial and residential "Green" energy power solutions in the process of becoming a key partner with the Mexican renewable energy business.

For more information about Golden Age Resources, Inc., visit the Company's corporate website: http://www.gdarinc.com.

About Golden Age Resources, Inc.:

GDAR, organized as a Nevada Company, has re-directed its core business to technology and Latin American and International solar energy markets providing project development, medium and long-term finance solutions and investments into solar energy related projects. This re-direction promises enhanced corporate and shareholder values.

Forward Looking Statements: This press release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward looking statements. You should consider these factors in evaluating the statements herein and not rely on such statements. The forward looking statements in this release are made as of the date hereof and Golden Age Resources, Inc. undertakes no obligation to update such statements.