Etna Resources Inc. Announces the Appointment of TRU Group
September 24 2009 - 8:30AM
Marketwired
Etna Resources Inc. ("Etna") (TSX VENTURE: ETN) is pleased to
announce that it has retained the TRU Group Inc. ("TRU Group") who
are leading technical experts within the lithium mining sector. TRU
Group (www.trugroup.com), based in Toronto, Canada, and Tucson,
USA, are industrial management and engineering consultants with a
strong capability in lithium project development. The firm is a
world leader in resource evaluation, salar exploitation, brine and
mineral lithium extraction and processing technologies - those in
use, prospective, and leading edge. TRU Group has evaluated,
engineered and helped to construct most of the known existing
lithium salar operations in the world and has advised on a wide
variety of lithium resource, engineering, process, business and
investment issues.
Etna has recently entered into a Securities Exchange Agreement
with Sociedad Gareste Limitada ("Gareste") whereby, upon closing of
the transaction, Etna will obtain interests in a total of nine
lithium salars in Chile. Gareste is a private Chilean company
established in the 1990s and engaged in the business of mineral
exploration in Chile. The existing portfolio of rights in the nine
salars to be transferred includes surface brine lakes or surface
flow at Lagunas Verde, Lagunas Bravas and Rio Salado/Pedernales,
and six additional lithium brine projects, all located in the
mineral-rich Atacama Region III. The rights in these nine lithium
salars cover a cumulative area in excess of 11,500 hectares, all
accessible via serviceable roads. It is believed that the salars
collectively carry the potential to host lithium in three distinct
brine types: surface water, shallow and deep brines.
On Behalf of the Board,
ETNA RESOURCES INC.
Jerry A. Minni, Director & Chief Financial Officer
This press release contains projections and forward-looking
information that involve various risks and uncertainties regarding
future events. Such forward-looking information can include without
limitation statements based on current expectations involving a
number of risks and uncertainties and are not guarantees of future
performance of the Company such as the statement that (i) the
closing of the acquisition will occur; and (ii) the belief that the
Properties may carry the potential to host lithium in three
distinct brines types. There are numerous risks and uncertainties
that could cause actual results and the Company's plans and
objectives to differ materially from those expressed in the
forward-looking information, including the (i) inability to obtain
Exchange approval and close the acquisition and financing for any
reason; (ii) adverse market conditions; (iii) a decrease in demand
for and price of lithium; and (iv) general uncertainties with
respect to mineral exploration in general. Actual results and
future events could differ materially from those anticipated in
such information. These and all subsequent written and oral
forward-looking information are based on estimates and opinions of
management on the dates they are made and are expressly qualified
in their entirety by this notice.
THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES IN THE UNITED
STATES. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE
"U.S. SECURITIES ACT"), OR ANY STATE SECURITIES LAWS AND MAY NOT BE
OFFERED OR SOLD WITHIN THE UNITED STATES OR TO "U.S. PERSONS", AS
SUCH TERM IS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT,
UNLESS AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS IS
AVAILABLE.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Etna Resources Inc. Jerry A. Minni 604-683-8610
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