And gives update on Quebec mining and exploration activity
MONTREAL, April 17, 2012 /PRNewswire/ - Toron Inc. (OTCBB:TRON)- (The Company) Toron Inc. has been very pleased with the recent increase in exploration activity in the Quebec mining regions. For example the Gold Report's (www.aureport.com) recent article "Mining Boom in Quebec" discusses the shining future of gold mining in Quebec (http://www.theaureport.com/pub/na/12109).
Furthermore, there has been a noticeable increase in the staking of new claims along with surveys and proposed drilling to begin in 2012. The work has increased in the mining regions of the Val Dor area as well as the other mining areas in Northern and Western Quebec. There have been major advances in the technological techniques used to explore for minerals in the last 10 years. This combined with the rise in the price of commodities has created a very favorable climate for mineral exploration.
The recent increased interest in Quebec has also been helped because of the mining friendly environment that has been created in the province of Quebec. The government has proposed a multi-billion dollar investment program in the coming years for the northern mining regions, that would see a vast increase in the infrastructure for mining, with increased power and roadways that will give further access to some of these areas in the northern part of the province. This along with very good fiscal terms, an experienced work force and an already established infrastructure makes the Val Dor mining region a world class area to explore and mine in.
A number of analysts have also begun to take notice of this area and have put out some aggressive forecasts for a number of different companies that are in the region. There are at least 20 public mining companies and a number of private companies that are conducting exploration activity now and this is expected to grow in the future. "We believe that this is a part of the world that is extremely likely to have exploration success in the future with all of the different components coming together. Toron is very happy to be involved in the Val Dor area and will continue to evaluate new opportunities" , states, Michael Whitehead, president of the Company.
Toron Inc. (www.toroninc.com) prides itself on being a new mineral exploration company focusing its attention on projects involving gold and other valuable metals. Based in Quebec, one of Canada's richest mining provinces, Toron Inc., a Nevada company incorporated a wholly owned subsidiary, Toron Resources Inc., for the sole purpose of exploring mining projects in Canada, and specifically, in Quebec and Ontario.
Safe Harbor Statement
Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, but are not limited to, statements with respect to the exploration and success in the Val d'Or mining area. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the timing and completion of contemplated financings, the actual use of proceeds, receipt of regulatory approvals and the timing and success of future exploration development and production activities. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration and development of its mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. These statements are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different than those described in or implied by such forward-looking statements. These risks and uncertainties include those relating to: lack of operating history, transitioning from a development company to an operating company, difficulties in distinguishing Toron Inc. resources and ability to mine Toron Inc. resources, market acceptance of our products and services; operational difficulties relating to combining acquired companies and businesses; our ability to form and maintain mutually beneficial relationships with customers and strategic partners; changes in economic, political or regulatory conditions or other trends affecting the mining sectors, and our ability to attract and retain qualified personnel. Further information about these matters can be found in our Securities and Exchange Commission filings. We expressly disclaim any intent or obligation to update these forward-looking statements.
SOURCE Toron Inc.