MAPLE GROVE, Minn., Oct. 24, 2012 - Affinity Gold Corp. (Pinksheets: AFYG) ("Affinity" or "the Company") releases message from its President and CEO, Mr. Corey Sandberg.
Message to Shareholders:
First off, I want to thank all of our shareholders for your patience and support. It's been a challenging yet productive first 9 months of the year. Early in the year we entered into the relationship with Consorcio Misenia, S.A.C. ("Misenia") on our flagship project. This relationship was spearheaded by our late General Manager, Eng. Talavera, who had been the driving force to push progress forward.
In August of this year, our dear Eng Talavera passed away at the age of 78 leaving behind two sons and a daughter. Our thoughts and prayers go out to his family and loved ones. Eng. Talavera made tremendous contributions to helping the Company through difficult times which we greatly appreciate.
During a recent visit to Peru, I met with General Manager Ayar Lopez Cano Algorta of Consorcio Misenia, S.A.C. ("Misenia") to discuss development plans for Affinity's 500 hectare project. We met at the Doe Run Peru headquarters in San Isidro where Mr. Lopez introduced some of his key executives as we discussed the Company's project. I was thoroughly impressed with the caliber of talent Mr. Lopez has on his team and was given complete confidence in their ability to deliver on developing our project.
Misenia last visited the project in July where initial surface samples were taken but emphasis was on making introductions with the local communities to gain support. In order to successfully develop the Affinity project, Misenia must have support for its presence and acceptance in becoming a member of the local community, which they have been successful. Misenia's next step is to conduct an extensive sampling program which has been planned with intentions of conducting yet this year provided the conditions allow.
On a related note, we recently received notice that our flagship project received community approval for its semi-detailed environmental impact assessment. However, our original application was submitted when our subsidiary's name was "AMR Project Peru, SAC" which is no longer valid and appears to be preventing formal documentation from being issued. As the approvals are confirmed, we will be working to provide the necessary documentation to demonstrate the legal name change that occurred so that the approvals can be issued under the correct entity name "Affinity Peru, SAC."
Lastly, I had the pleasure of meeting with other key groups and individuals the Company has been cultivating relationships with over the last eighteen months. These meetings allowed us to spend time strengthening the relationships, exchanging information, discussing key issues and exploring new and exciting opportunities.
I know the last couple years have been extremely challenging for us all but I want to thank all of our shareholders and strategic partners for your patience and understanding. I promise you we are about to turn the corner where things are going to get very exciting for us all.
I look forward to your continued support.
About Affinity Gold Corp.:
Affinity Gold Corp. is a mineral exploration and development company engaged in the acquisition, exploration and development of gold mineralization properties internationally. Affinity Gold Corp.'s current primary focus is gold exploration in Peru.
Through its 99.99% owned subsidiary Affinity Peru, S.A.C. (previously "AMR Project Peru, S.A.C."), Affinity Gold Corp. is the owner of the mining concession title named "AMR Project" covering 500 hectares and the mining concession certificate as evidenced by Certificate No. 7996-2006-INACC-UADA granted to AMR by the Republic of Peru, National Institute of Concessions and Mining Cadastre on December 11, 2006 (the "Mining Concession Rights").
About Consorcio Misenia, S.A.C.
Based in Miraflores, Lima, Peru, Consorcio Misenia, S.A.C. is part of a consortium of companies active in mining, real estate investment and development, architectural design and construction, and business management & consulting.
AFFINITY GOLD CORP.
Corey J. Sandberg
For further information please refer to the Company's filings with the SEC on EDGAR available at www.sec.gov
Statements in this news release, which are not purely historical, are "forward-looking statements", including any statements regarding beliefs, plans, expectations or intentions regarding the future about Affinity Gold Corp., and its subsidiaries. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. These statements involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Such risks and uncertainties may include, but are not limited to, the risks and uncertainties such as the ability to obtain additional financing, the ability to manage growth, acquisitions of technology, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel, the risks inherent in exploration and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the SEC. This news release shall not constitute an offer to sell or the solicitation of an offer to buy.
SOURCE Affinity Gold Corp.