16:01:56 EDT Sat 11 May 2024
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Hispania Resources Inc
Symbol ESPN
Shares Issued 58,510,159
Close 2023-05-09 C$ 0.145
Market Cap C$ 8,483,973
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Hispania notes transfer of Lumbrales permit to La Joya

2023-05-09 16:23 ET - News Release

Mr. Norman Brewster reports

HISPANIA RESOURCES: TRANSFER OF PERMITS DE INVESTIGATION LUMBRALES

Hispania Resources Inc. has received a resolution from the Junta de Castille Y Lyon, Direccion General De Energia Minas, the administration of Castille-Leon, transferring title of the Lumbrales permit (the Lumbrales permit No. 6.668) to La Joya Mineral SLU (the company's wholly owned Spanish subsidiary). At the same time the Lumbrales permit has been renewed for a three-year period beginning April 28, 2023. The Lumbrales permit contains the former producing Maria Tere mine.

Management of the company will be in Spain the week of May 7, 2023, and will visit the Lumbrales site. The purpose of the visit will be to inspect the property and liaise with local authorities. While in Castille Y Leon the company representatives will visit Salamanca, Siemcalsa (the former owner of the permit), maintained a warehouse wherein they kept all data and information relating to the Lumbrales permit. The company intends to retrieve these items for the purposes of planning work programs with local geological personnel who will be accompanying management representatives.

About Hispania Resources Inc.

Hispania Resources is a mineral exploration company focused on mining opportunities in Spain. Hispania is currently focused on developing the long-term mining potential of its core asset, the zinc-, copper-, lead-enriched Puebla de la Reina (PBR) property in the low-risk and historic mining district of Extremadura in southwest Spain. The PBR property covers an area of 90 square kilometres. Hispania, through its subsidiary, La Joya, has entered into a purchase agreement with Auplata S.A. to acquire a 100-per-cent interest in the PBR property. The management of Hispania contains industry veterans who have more than 120 years of mineral exploration and production experience in multiple jurisdictions and have successfully managed multiple international mining companies. This includes in Spain, where some of the team was responsible for the founding and building of Iberian Resources, with the continued support of the local and regional governments, including the well-developed and sophisticated transportation and mining infrastructure.

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