Maxam Gold To Expand Operations Into Honduras

May 09, 2013, 09:00 ET from Maxam Gold Corporation

LAS VEGAS, May 9, 2013 /PRNewswire/ -- Maxam Gold Corporation (OTCPINK: MXAM), a gold mining and mine development company, through its partner, Comanche Capital, has secured a source from which to acquire discounted gold in the country of Honduras.

Charles Hays, of Comanche Capital stated that the opportunity in Honduras enables Maxam to begin its gold acquisition program, which the company announced last January. The company, along with Comanche Capital, plans to start the gold buying program at 1 kilogram per week, with a projected profit margin of 30%, increasing to 10 kilograms per week, with potential gross revenues of over $2 million per month.

Mr. Hays also stated that the quality of gold product coming out of Honduras includes gold nuggets, as well as the flake. "This presents a great opportunity for Maxam to expand into Honduras, and grow its base of operations."

About Maxam Gold Corporation.

Based in Nevada, Maxam Gold Corporation is a leading gold mining and development company with its main focus on mining concessions in Nicaragua.  Maxam Gold Corporation was formed in 1975 and has been involved in the mining and exploration of gold since 1985. Gold demand, along with gold prices, has revitalized the company.  Its policy of acquiring gold production, through the partnership and acquisition of active gold mining companies, will allow Maxam to expand more rapidly and increase the profitability of its current operations.

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to'" "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.

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SOURCE Maxam Gold Corporation