TORONTO, ONTARIO--(Marketwire - Aug. 25, 2010) - Alturas Minerals Corp. (the "Company" or "Alturas") (TSX VENTURE:ALT)(BVLAC:ALT) today announced that Kallpa Securities SAB S.A. ("Kallpa") has been appointed as the Company's sponsor for the Lima Stock Exchange (BVL).
Miguel Cardozo, Chairman and Interim President & CEO of Alturas commented, "We are very pleased to receive the professional support of Kallpa to enhance Alturas' investor awareness and fostering the growth and development of the Company in the Peruvian market".
Kallpa is a Peruvian corporation dedicated to equity and fixed income sales & trading and investment banking in general. Kallpa's CEO, Mr. Alberto Arispe has 16 years of experience in the international financial system and holds a MBA from the Stern School of Business at New York University and a Bachelor of Economics degree from the Pontificia Universidad Catolica del Peru.
Agreement and Compensation
Alturas has engaged the sponsor as its sole and exclusive advisor for the Peruvian market, providing services required by the Lima Stock Exchange ("BVL") and any other regulatory entities to duly fulfill activities included in Article 20 of the Lima Stock Exchange regulation and established on the Regulations for the Venture Capital Segment of the Lima Stock Exchange. The Agreement became effective 21 July 2010 and will be renewed for yearly periods unless any of the parties decides to terminate the contract given a 30 day prior written notice. The Agreement provides that the Company, through its wholly owned Peruvian subsidiary, will pay Kallpa an annual fee of US$10,000 plus applicable taxes.
About Alturas Minerals Corp.
Alturas is a Canadian corporation, and is the parent of Alturas Minerals S.A. ("Alturas Peru") and Alturas Minerals Chile Ltda ("Alturas Chile"). Alturas' exploration strategy is focused on the discovery of large epithermal gold mineralized deposits and copper-gold porphyry/skarn deposits in Peru and Chile.
Alturas Peru has been actively exploring various mineral projects in Peru since January 2004. Alturas' properties include four drill-ready mineral exploration projects located in central and southern Peru, which includes the Chapi Chapi-Utupara Copper-Gold Project, the Sombrero Copper-Gold Project, the Ccaccapaqui Gold-Silver Project and the Huajoto Gold-Silver-Zinc Project. In addition, Alturas Peru has interests in four other exploration projects in Peru.
Alturas Chile has recently entered into a Final Option Agreement to acquire 100% of the La Corina copper-gold porphyry property in northern Chile. Drilling of the property is currently underway and will be completed in early September 2010. For further information, please visit the Company's website at www.alturasminerals.com.
Alturas Minerals Corp.
Suite 3100, Scotia Plaza, 40 King St. W., Toronto, ON Canada M5H 3Y2
Calle Francisco de Zela # 2579, Int. D, Urb. Risso, Lince, Lima 14, Peru
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Cautionary Language and Forward Looking Statements
This press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian securities authorities.The TSX Venture Exchange and the Lima Stock Exchange do not accept responsibility for the adequacy or accuracy of this release.