Xtierra Inc.: Bilbao Project Update
January 17 2014 - 5:00AM
Marketwired Canada
Xtierra Inc. (TSX VENTURE:XAG) ("Xtierra" or the "Company"), announces that
following its recently announced US$500,000 short term financing (announced
January 7th and completed January 10th, 2014) the Company has prioritized all of
its current resources on the completion of the economic study of its Bilbao
project in Zacatecas, Mexico. A complete draft report is expected before the end
of this month at which time the Company will review its future plans for Bilbao.
In accordance with its previously announced cost curtailment intentions, as a
cash preservation measure and to eliminate a property payment, the Company has
now relinquished its El Dorado exploration property in the Pinos district of
south-eastern Zacatecas State approximately 80 kilometres southeast of Bilbao.
The Company had not carried out any exploration work on this property since the
second quarter of 2013.
About Xtierra Inc.
Xtierra Inc. is a Toronto based exploration and development company listed on
the TSX Venture Exchange. Xtierra's shares trade under the symbol "XAG". Xtierra
has 103,425,892 shares issued and outstanding.
Xtierra's objective is to become a mid-tier producer of silver and base metals
through the development of its Bilbao and Laguna projects, both located in the
Central Mexican Silver Belt in the State of Zacatecas, as well as through
organic growth and M & A opportunities.
ON BEHALF OF THE BOARD OF DIRECTORS OF XTIERRA INC.
Gerald Gauthier President and COO
Cautionary Notes:
This press release may contain "forward-looking information" within the meaning
of applicable Canadian securities legislation. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy of the
content of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Xtierra Inc.
Gerald Gauthier
President & Chief Operating Officer
+1 (416) 362-8243
Xtierra Inc.
Tim Gallagher
Director
+1 (416) 925-0090
info@xtierra.ca
www.xtierra.ca
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