JOINT NEWS RELEASE:
OROCO OBTAINS APPROVAL FOR SALE OF CERRO PRIETO TO GOLDGROUP
Vancouver, British Columbia (June 28, 2013) – Oroco Resource Corp. (“Oroco”) (TSXV:OCO, Frankfurt:OR6) and Goldgroup Mining Inc. (“Goldgroup”) (TSX:GGA, OTC:GGAZF, BMV SIC:GGAN.MX) announce that they have agreed to extend, to July 15, 2013, the closing date for the acquisition of the Cerro Prieto Project by Goldgroup.
Goldgroup is a Canadian-based gold production, development, and exploration Company with significant upside in a portfolio of projects in Mexico, including its flagship 100%-owned advanced stage gold development project Caballo Blanco in the state of Veracruz, and a 50% interest in DynaResource de Mexico, S.A. de C.V., which owns 100% of the high-grade gold exploration project, San José de Gracia located in the state of Sinaloa. The Company also operates its 100%-owned Cerro Colorado gold mine in the state of Sonora.
Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance, and exploration in Mexico. Goldgroup's mission is to increase gold production, mineral resources, profitability and cash flow, building a leading gold producer in Mexico.
For further information on Goldgroup, please contact:
Mr. Keith Piggott, Chairman, President, CEO & Director
Travis McPherson, Manager of Investor Relations
Toll Free: 1-877-655-ozAu (6928)
For further information on Oroco, please contact:
Mr. Craig Dalziel, President and CEO
Oroco Resource Corp.
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.