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Mountain-West Resources Inc
Symbol MWR
Shares Issued 51,741,710
Close 2012-01-26 C$ 0.62
Market Cap C$ 32,079,860
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Mountain-West retracts offer to meet with Munk

2012-01-26 20:50 ET - News Release

Mr. Brent Johnson reports

RESPONSE TO DECEMBER 21, 2011 STATEMENT BY BARRICK GOLD - ABX

Further to the Barrick Gold Corp. statement issued on Dec. 21, 2011, the statements made by Mountain-West Resources Inc. in its three news releases of Dec. 6, Dec. 8, and Dec. 18, 2011, were correct. The company does believe in "the integrity of the capital markets."

Mountain-West has based its releases on independent reports from experts and lawyers in Chile. Its due diligence proves that the Mina Pascua deposit is inside the Lac Minerals 1994 area, namely the Los Amarillos 1-3000 claims. This area has had an injunction in place (MPP C1912-2001) since June 5, 2001. The injunction remains in place at this time and protects the interests of Jorge Lopehandia. The injunction is likely the reason that Barrick Gold continues to delay production at this very valuable gold, silver and copper deposit.

A Supreme Court of Chile judgment in 2006 validated by the Supreme Court in 2008 gave rights to Mr. Lopehandia's titles, which are optioned by the company.

In its Dec. 6, 2011 news release, the company extended an invitation to Peter Munk "to a meeting with the company and Mr. Lopehandia in Vancouver, B.C." The company hereby retracts that offer.

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