Minera San Jorge S.A. de C.V. Clarifies, it has No Ownership of Cinco Minas or Gran Cabrera Mineral Concessions

Sep 19, 2012, 19:27 ET from Minera San Jorge S.A. de C.V.

ZAPOPAN, JAL, Mexico, Sept. 19, 2012 /PRNewswire/ -- Minera San Jorge S.A. de C.V. ("MSJ" or the "Company") has issued a statement regarding the ownership of Cinco Minas and Gran Cabrera. MSJ wants to make public the fact that the Company no longer has an ownership interest in either Cinco Minas or Gran Cabrera, two mineral properties located in Jalisco, Mexico. MSJ was removed from the mineral rights ownership of these two properties due to a labor dispute and is now owned by a non-related third party company.

MSJ has already issued a statement in response to a recent press release by Bandera Gold Ltd. claiming to have signed a non-binding Letter of Intent between Bandera and MSJ, to purchase the two mining properties. MSJ wants to clarify that the company currently has no association with either Bandera Gold Ltd. or persons associated with Bandera Gold Ltd.

MSJ has no further comment on the matter.

Minera San Jorge S.A. de C.V.
Jaime Arturo Anaya Trejo
Tel: 011 (52) 333- 271- 8792
Email: minerasanjorge@mail.com

SOURCE Minera San Jorge S.A. de C.V.