LIMA, Peru, Aug. 12, 2011 /PRNewswire/ -- Portage Resources Inc. ("Portage" or the "Company") (POTG-OTCQB) provides a corporate update to their shareholders in regards to recent events, forward split information, sampling programs and other recent events.

The Company had previously announced a forward split of the shares of the Company on the basis of 10 new shares for every 1 share held, with a record date of August 8, 2011. At that time, the Board of Directors approved the forward split requiring a surrender of shares. Please be advised that the correct process in respect to the approved forward split does not require a record date to determine eligibility, and it is now understood that FINRA will set an "Effective" date for the forward split which will be used to determine shareholders of record who will receive the shares from the forward split. From the Effective date, our common stock will have a new CUSIP number which will denote the forward split shares, allowing industry to identify pre-split shares (bearing the old CUSIP) from post-split shares, bearing the new CUSIP. As stockholders, you have no requirement to contact the transfer agent or to deliver shares to the transfer agent or the Company. Your eligibility for forward split shares is automatically determined based on the Effective date by FINRA, and electronically recorded. If your shares are on deposit in a brokerage account, you will automatically receive the appropriate number of new shares. If you are physically holding a share certificate, when you deposit or send in your shares for transfer, you will automatically receive the correct number of split shares upon transfer.

We thank you for your calls and questions and hope that this will clarify the forward split. FINRA has all of the required documentation to effect the forward split and we are waiting on FINRA to advise the Effective date.

Portage Resources Inc. previously announced a LOI for the Holly Properties in Pershing, Nevada on June 30, 2011. Portage has decided to vacate any further interests or negotiations on said properties as management felt said properties were an excellent prospect but did not fit into the overall company plan of responsible growth.

The Portage explorations team headed by Elias Garate has been working and visiting the WUKAKUY PROPERTIEs, CORDILLERA NEGRA 1 & 2 concessions, and the most recent acquisition. The sample processing has started, samples have been turned over to an independent testing facility and the team is looking forward to receiving the results in the near future. The management team has also been working on the current negotiations announced and is in the process of reviewing other potential projects for the company.

Portage Resources Inc. President and CEO stated, "We are continuing on our mission statement of responsible growth, the dividend split is part of this growth. We are continuing to assess potential properties, growing our current stable of properties, and are very proud of our efforts thus far."

About Portage Resources Inc.

Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties, the Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol: OTCQB – POTG

www.portageresourcesinc.com

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

Contact:
Financial Insights
Toll Free: 1-888-824-6757
potg.investors@gmail.com

SOURCE Portage Resources Inc.

 

Source: PR Newswire (August 12, 2011 - 5:57 PM EDT)

News by QuoteMedia

http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=787946ProfileId=051205sourceType=1
NEW YORK, NY -- (Marketwire) -- 08/12/11 -- Portage Resources (PINKSHEETS: POTG) has announced they are issuing a dividend in the form of a 10 for 1 forward split. The company will also cancel 230,000,000 restricted shares.

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Other active stocks are Micro Imaging Technology, Inc (OTCQB: MMTC), Location Based Technologies, Inc (OTCQB: LBAS), Radient Pharmaceuticals Corp (OTCQX: RXPC).

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid IO Circuit twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.

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Source: Marketwire (August 12, 2011 - 5:05 PM EDT)

News by QuoteMedia

LIMA, Peru, Aug. 1, 2011 /PRNewswire/ -- Portage Resources Inc. ("Portage" or the "Company") (POTG-OTCQB) announces a significant share cancellation, dividend payable and other material changes to the company.

On July 27, 2011, the Board of Directors unanimously approved a dividend whereby the shareholders of Portage Resources Inc. (the "Company") will receive a dividend payable as a ten for one (10:1) forward split of the issued and outstanding shares of Common Stock of the Company pursuant to Section 78.215 of the Nevada Revised Statutes.

The Record Date of the Forward Split was set as August 8, 2011 and the Effective Date and Payment Date is set as August 10, 2011. The dividend to be paid to the shareholders of record is payable upon surrender. Therefore, in order to receive the dividend shares the shareholders of record must surrender their existing shares to the transfer agent and will receive 10 new shares of the Company for each 1 share surrendered.

The effective date and the payment date is subject to FINRA approval and the Company will announce the payment date when such approval is received.

Further, as part of this approved action of the Board of Directors, the Company's Executive Officer, Mr. Paul Luna Belfiore has agreed to return a total of 230,000,000 restricted shares to treasury for cancellation prior to the record date, which would leave a total of 445,200,000 shares issued and outstanding as at the record date.

The dividend shares when issued will increase the Company's issued and outstanding common shares to 4,452,000,000 common shares, all with par value of $0.001.

The complete 8k filing is available at:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8063821

About Portage Resources Inc.

Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties, the Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol: OTCQB POTG

www.portageresourcesinc.com

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

Contact:
Financial Insights
Toll Free: 1-888-824-6757
potg.investors@gmail.com

SOURCE Portage Resources Inc.

 

Source: PR Newswire (August 1, 2011 - 9:00 AM EDT)

News by QuoteMedia

Explorers Continue to Mine Peru's Wealth Despite Political Concerns
The Bedford Report Provides Equity Research on Portage Resources and Newmont Mining

Jul. 13, 2011 (Marketwire) --

NEW YORK, NY -- (Marketwire) -- 07/13/11 -- Precious metals explorers have been actively expanding operations in Peru for many years. Peru is the world's largest producer of silver, third largest of copper and fifth largest of gold, with gold accounting for roughly one third of Peru's export revenue. The Bedford Report examines the outlook for the Precious Metals Market and provides equity research on Portage Resources (PINKSHEETS: POTG) and Newmont Mining Corporation (NYSE: NEM). Access to the full company reports can be found at:

www.bedfordreport.com/POTG

www.bedfordreport.com/NEM

Peru's Ministry of Energy and Mines recently announced that from January of this year to May, investment in the mining industry has increased 68 percent, with $2.43 billion invested this year alone. Despite the country's vast resources, several mining stocks with operations in Peru have struggled of late on concerns that the leftist President-elect Ollanta Humala's presidential victory will lead to a wave of nationalizations and higher taxes on foreign companies. Humala argues that mining companies whose profits have skyrocketed on high global commodities prices should fund social programs in a country where a third of people are poor despite a decade-long economic boom.

According to Reuters, several foreign companies have scoffed at the proposal, believing that it would encourage them to build mines elsewhere and jeopardize $40 billion in mining projects the government of departing President Alan Garcia has lined up for the next decade.

The Bedford Report releases investment research on the Precious Metals Market so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Despite political concerns, several miners continue to expand in Peru. Portage Resources has signed a number of agreements in the past few weeks to acquire mining properties in Peru, including a mining concession near the Antamina Mine located in the Ancash Region. Portage argues that "Antamina has had the highest investment in the history of Peruvian mining, with an initial investment of approximately US$2.2 billion."

Newmont Mines' Peruvian Yanacocha production has exceeded 26 million ounces since the mine opened in 1993. Meanwhile, Newmont's Conga project is currently in the exploration phase and comprises two main copper and gold deposits called Perol and Chailhuagón 2.

The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer.

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Contact:
The Bedford Report
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Source: Marketwire (July 13, 2011 - 8:16 AM EDT)

News by QuoteMedia

Jul. 12, 2011 (PR Newswire) --

LIMA, Peru, July 12, 2011 /PRNewswire/ -- Portage Resources Inc. ("Portage" or the "Company") (POTG-OTCQB) has signed a letter of intent to acquire the Holly Gold Properties in Pershing County, Nevada. The company will be reviewing all reports, including a NI 43-101 report.

Portage Resources Inc. has set a date of on or before Aug. 1, 2011 to complete the acquisition of the Holly Gold Properties. The time frame allotted will allow Portage Resources Inc. the necessary time to conduct all due diligence on said acquisition.

The Holly Gold Properties are located 93 miles east from Reno, Nevada in Pershing County. The properties are comprised of 35 contagious, unpatented, lode mining claims on federal lands regulated by the Bureau of Land Management. The properties comprise an area of about 283 hectares or 700 acres.

The history of the Holly Gold Properties include production of the Hollywood mine which produced 460 tons of antimony metal and 2250 tons of ore. The area is host to many other mining claims including the Coeur Rochester Mine, the world's seventh largest silver producer. Additionally, the Florida Canyon and Standard gold mines and numerous exploration projects are located north and east of town.

Portage Resources Inc. President and CEO added, "We are ecstatic to expand into the U.S. and with a potentially great property. We are going to closely study all technical and geological reports, including the available NI 43-101 report. We must be careful to conclude all due diligence before reaching a final decision on this acquisition."

About Portage Resources Inc.

Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties, the Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol: OTCQB – POTG

www.portageresourcesinc.com

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

Contact:
Financial Insights
Toll Free: 1-888-824-6757
potg.investors@gmail.com

SOURCE Portage Resources Inc.

 

Source: PR Newswire (July 12, 2011 - 9:02 AM EDT)

News by QuoteMedia

Jul. 11, 2011 (PR Newswire) --

LIMA, Peru, July 11, 2011 /PRNewswire/ -- Portage Resources Inc. ("Portage" or the "Company") (POTG-OTCQB) has entered into negotiations to acquire a mining concession near the Antamina Mine located in the Ancash Region.

The concession is comprised of 1200 hectares of rich polymetalic formations. Elias Garate, Geologist and Portage Resources VP of Exploration, will be doing a site visit on July 12, 2011 to commence the due diligence process. The company anticipates a quick closing, assuming the due diligence process is successful.

The Antamina is located in the district of San Marcos, Ancash Region, 200 kilometers from the city of Huaraz at an average altitude of 4,300 meters above sea level. Antamina has had the highest investment in the history of Peruvian mining, with an initial investment of approximately US$2.2 billion. The US$2.2 billion construction program was one of the largest new mine development projects ever undertaken. An additional US$1.2 billion investment has been made to expand its operations. Today it is one of the ten largest mines in the world in terms of operating volume. This is an open pit operation that works with a skarn type deposit. The total proven and probable reserves amount to 745 million metric tons.

Compania Minera Antamina SA is a company incorporated under Peruvian law, which is a product of a joint venture between four major mining companies. BHP Billiton 33.75%, Xstrata 33.75%, Teck 22.5% and Mitsubishi Corporation 10%.

Portage Resources Inc. President and CEO added, "I am very pleased to come across such a tremendous opportunity, where there is a lot of mining activity in close proximity. The Antamina mine is one of the greatest mining successes in the history of Peru and we look forward to our site visit on Tuesday July 12, 2011."

About Portage Resources Inc.

Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties, the Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol: OTCQB – POTG

www.portageresourcesinc.com

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

Contact:
Financial Insights
Toll Free: 1-888-824-6757
potg.investors@gmail.com

SOURCE Portage Resources Inc.

 

Source: PR Newswire (July 11, 2011 - 9:01 AM EDT)

News by QuoteMedia

Jul. 7, 2011 (PR Newswire) --

LIMA, Peru, July 7, 2011 /PRNewswire/ -- The definitive agreement with Nilam Resources S.A. is for the acquisition of the Linderos #5 property and was signed by the parties on July 4, 2011 in Lima, Peru. For consideration of this acquisition, Portage Resources Inc. will issue 8 million shares to Nilam Resources.

The due diligence stage was highlighted by the following:

A report was conducted in conjunction with INGEMET (the Peruvian government mining authority).
The Peruvian government calculated an approximate amount of 500,000 proven ounces of gold in the area of TABACONAS LINDEROS PROJECT. These studies have been filed in the library of the geologic Institute of Peru.
Further independent studies were also conducted on the Linderos project by a P. Geologist, a summary of his results are in combination with further INGEMET RESULTS This preliminary evaluation indicated the area contains 1,000,000 ounces immediately near surface and with drilling can contain many times this amount.
Portage has reviewed all ownership documentation and all facts of said ownership for the property; all fact checking came back positive.

The previously announced acquisition of the Linderos #4 property consists of 500 hectares while the Linderos #5 property acquisition consists of 300 hectares

Portage Resources Inc. President and C.E.O. commented, "Linderos # 5 property came available so we immediately started all due diligence on the property and were able to acquire said property. This acquisition made perfect sense and increased our stake in this great mining region. Portage is amassing a great portfolio of properties that fit our overall strategy."

About Portage Resources Inc.

Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties, the Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol: OTCQB – POTG

www.portageresourcesinc.com

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

Contact:
Financial Insights
Toll Free: 1-888-824-6757
potg.investors@gmail.com

SOURCE Portage Resources Inc.

 

Source: PR Newswire (July 7, 2011 - 9:01 AM EDT)

News by QuoteMedia

Jul. 5, 2011 (PR Newswire) --

LIMA, Peru, July 5, 2011 /PRNewswire/ -- Portage Resources Inc. ("Portage" or the "Company") (POTG-OTCQB) has engaged Geofisicos Consultores, a well known Peruvian company with more than 35 years of experience to commence an extensive Geophysical survey on the recently acquired Wukakuy Properties.

Geological reports have been used to produce a fair estimate of the reserve potential for the Wukakuy properties which currently reflect 58,228,128 Oz Ag/ MTS. With current values of silver being approximately $35 Usd/Oz, the estimate potential reserve has a value of over $2 Billion.

Based on a review of the prior geological work on the Property, the company has decided to move forward in move forward on the project. Further, the Company has added Geofisicos Consultores, as an additional expert firm to its team. The company president, Mr. Carlos Gamarra has an impeccable resume and is well respected in the Peruvian mining community. A Geoscientist has indicated the existing data and results are of sufficient quality and promise and that the Phase I Drill Program should focus not only on seeking to formally identify potential reserve quantities, but to also focus on establishing additional reserves.

The IP (First Target Bonanza) will define that the Manto replacement Bonanza zone measuring 100 x 250 meters can extend more than 400 meters in strike length and is open on either end. The Bonanza Manto lies 700 meters north of the of the main access tunnels of the famous 50 year Cecilia Mine. Cecilia was recently acquired by mining giant Glencore Corp. The Wukakuy property surrounds the Cecilia Mine on the North and East side of the mine including the workings and camp. The Cecilia Mine produced 450 Tonnes per day for several decades until 1984. Ag-Pb-Zn-Cu was produced from Mantos in host carbonates. The Bonanza Manto is hosted in the same carbonate unit as the polymetallic mineralization mined in the Cecilia mine.

The second target is a smaller Manto which is exposed 1,300 meters NE of the Bonanza Manto. The full width of this Manto is not exposed. Ground geophysical surveys are being designed to assist in the targeting and upcoming core drilling program over the project area. The objective of the survey is to assist in drill targeting by further delineating the rich zones and other Mantos replacements of the Wukakuy property. These targets have been already identified by field exploration and a 43-101 report. The ground geophysical survey will identify many linear structures and several high priority regions of interest that will be highlighted for immediate follow up.

The survey is being carried out on behalf of the company by Geofisicos Consultores, a well known Peruvian company with more than 35 years of experience. Geofisica Consultores utilizes high tech equipment and 3D modeling software. They have worked for companies like American Barrick, Buenaventura, Inmet, Mitsui Mining, Minsur, and Minera IRL. Carlos Gamarra Preside is a well recognized Geophysicist with more than 40 years of experience in Induced Polarization and magnetometry surveys.

The Geophysical assessment will aid the company in identifying the optimum drill targets to confirm and expand the potential reserves.

Portage Resources President and CEO Paul Luna states: "The Wukakuy project is an unbelievable opportunity for Portage. The addition of Geofisica Consultores only strengthens our team and our commitment to this great project. We are looking forward to an extensive drill program in the near future."

About Portage Resources Inc.

Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties, the Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol: OTCQB – POTG

www.portageresourcesinc.com

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

Contact:
Financial Insights
Toll Free: 1-888-824-6757
potg.investors@gmail.com

SOURCE Portage Resources Inc.

 

Source: PR Newswire (July 5, 2011 - 6:40 PM EDT)

News by QuoteMedia

Jun. 30, 2011 (PR Newswire) --

LIMA, Peru, June 30, 2011 /PRNewswire/ -- Portage Resources Inc. ("Portage" or the "Company") (POTG-OTCQB) has signed a letter of intent to acquire the Linderos #5 property located in the north part of PACHAPIRIANA between TAMBORAPA and TABACONAS, the project is located in close proximity to the border with Ecuador.

Portage Minerals S.A. has set a date of on or before Aug. 1, 2011 to complete the acquisition of the Linderos #4 property. The time frame allotted will allow Portage Resources Inc. the necessary time to conduct all due diligence on said acquisition

Portage Minerals S.A. previously announced the acquisition of the Linderos #4 property, said acquisition was completed on June 27, 2011. The Linderos # 4 property consist of 500 hectares, the Linderos #5 property consists of 300 hectares. Each property is located in a fertile and proven mining zone

Portage Resources Inc. President and CEO added, "I am very pleased that we can have signed this letter of intent, we must carry out all due diligence before making a final decision on this opportunity. We have previously acquired another Linderos property, the Linderos #5 property is a great fit in terms of our strategy in the area."

About Portage Resources Inc.

Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties, the Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol: OTCQB – POTG

www.portageresourcesinc.com

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

Contact:
Financial Insights
Toll Free: 1-888-824-6757
potg.investors@gmail.com

SOURCE Portage Resources Inc.

 

Source: PR Newswire (June 30, 2011 - 5:50 PM EDT)

News by QuoteMedia

Jun. 29, 2011 (PR Newswire) --

LIMA, Peru, June 29, 2011 /PRNewswire/ -- Portage Resources Inc. ("Portage" or the "Company") (POTG - OTCQB) announced today that it has engaged Financial Insights for shareholder communications.

The current demand for additional information has been tremendous and requires a dedicated professional team to best serve the needs of the current and potential shareholders. Financial Insights was chosen based on their 18 years of experience in providing shareholder communications for numerous publicly traded small cap companies.

Company president and CEO Paul Luna went on to add, "We have outlined an incredible amount of initiatives at this time, and we are confident that Financial Insights will help give informative communication to our shareholders. We intend to further develop our strategy of acquisitions, production and responsible growth in the mining industry. Financial Insights will coincide with our strategy; we look forward to working with Financial Insights as we achieve our objectives."

About Portage Resources Inc.

Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties, the Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol: OTCQB – POTG

www.portageresourcesinc.com

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

Contact:

Financial Insights
Toll Free: 1-888-824-6757
potg.investors@gmail.com

SOURCE Portage Resources Inc.

 

Source: PR Newswire (June 29, 2011 - 5:48 PM EDT)

News by QuoteMedia

Jun. 28, 2011 (PR Newswire) --

LIMA, Peru, June 28, 2011 /PRNewswire/ -- Portage Resources Inc. ("Portage" or the "Company") (POTG-OTCQB) through its wholly owned subsidiary Portage Minerals S.A., Signs Definitive Agreement to Acquire the Linderos Property. The company has conducted all due diligence on the Linderos Property in regards to this acquisition.

The definitive agreement with Nilam Resources S.A. is for the acquisition of the Linderos #4 property and was signed by the parties on June 27, 2011 in Lima, Peru. For consideration of this acquisition, Portage Resources Inc. will issue 10 million shares to Nilam Resources.

The due diligence stage was highlighted by the following;

A report was conducted in conjunction with INGEMET, (the Peruvian government mining authority).

The Peruvian government calculated an approximate amount of 500,000 proven ounces of gold In the area of TABACONAS LINDEROS PROJECT. These studies have been filed in the library of the geologic Institute of Peru.

Further independent studies were also conducted on the Linderos project by a P. Geologist, a summary of his results are in combination with further INGEMET REULTS This preliminary evaluation indicated the area contains, 1,000,000 ounces immediately near surface and with drilling can contain many times this amount.

Portage has consulted with the community leaders during this due diligence phase and will appoint an experienced community relations leader/expert for this project.

Portage Resources Inc. President and C.E.O. commented, "Linderos is another great addition to our company, I am personally looking forward to this project as a proud Peruvian, the potential is astounding! Portage is creating a very impressive lineup of assets in Peru while continuing our goals of responsible growth."

About Portage Resources Inc.

Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties, The Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol: OTCQB – POTG

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

Contact:
Paul Luna
00-511-7335100
info@portageresourcesinc.com

SOURCE Portage Resources Inc.

 

Source: PR Newswire (June 28, 2011 - 5:25 PM EDT)

News by QuoteMedia

Jun. 28, 2011 (Marketwire) --

BEIJING -- (Marketwire) -- 06/28/11 -- Today, www.GlobalEquityReporter.com announced its research report highlighting Portage Resources, Inc. (PINKSHEETS: POTG) and Bullion Monarch Mining, Inc. (OTCBB: BULM). Full report download is available at www.GlobalEquityReporter.com/access.php.

Recently, the U.S. Federal Reserve has enacted quantitative easing totaling $2.3 trillion, from $1.7 trillion of Treasuries and mortgage-backed bonds, to its recent $600 billion purchases of intermediate and long-term Treasuries. The Fed is learning from Japan's 1990 mistake of not offering stimulus for long enough. Lead economists are anticipating higher inflation as the most significant outcome from this policy. As a result, assets backed by precious metals in with strong fundamentals are starting to gain momentum.

Global Equity is reporting on Portage Resources, Inc. as a start-up mineral company in the pre-exploration-stage. The Company's sole mineral property, the ROK 1-20 Claims (hereinafter the Portage Claims), was located in the Yukon Territory (Yukon), Canada. In December 2009, the Company allowed the claims to lapse and hence have no further rights to the minerals associated with the ROK 1-20 claims. In June 2011, the Company formed a wholly owned subsidiary, Portage Resources SA. The full report and profile on Portage Resources, Inc. (PINKSHEETS: POTG) is available here: www.GlobalEquityReporter.com/get.PDF.1824.php.

Global Equity Reporter brings Bullion Monarch Mining, Inc. to light as a natural resource company engaged in acquiring, exploring, leasing, joint venturing and selling mining properties. The Company is a gold-focused company with additional interests in oil-shale technology and other assets. It seeks to acquire existing mineral royalties or to finance mining projects that are in production or in development-stage. Bullion is also developing a process through its subsidiary, EnShale Inc. (EnShale). The full report and profile on Bullion Monarch Mining, Inc. (OTCBB: BULM) is available here: www.GlobalEquityReporter.com/get.PDF.1937.php.

About Global Equity Reporter
Global Equity Reporter is a premier source for microcap research -- providing a wide range of due diligence and investment insight on stocks all over the market Global Equity Reporter's primary focus is to alert our valued subscribers to small cap and microcap companies poised for explosive movement in the market. As every investor knows, timing in the market is critical, and that's where Global Equity Reporter delivers.

Contact:

Alexander Griffin
Email Contact
www.GlobalEquityReporter.com

Source: Marketwire (June 28, 2011 - 9:01 AM EDT)

News by QuoteMedia

Jun. 27, 2011 (PR Newswire) --

LIMA, Peru, June 27, 2011 /PRNewswire/ -- Portage Resources Inc. ("Portage" or the "Company") (OTCQB: POTG) has signed a Definitive Agreement to Acquire the Wukakuy Properties. The company has conducted all due diligence on the Wukakuy Properties in regards to this acquisition.

The definitive agreement with Airon Peru S.A.C. for the acquisition of the Wukakuy Properties was signed and notarized by the parties and registered by the attorneys on June 15, 2011 in Lima, Peru. For consideration of this acquisition, Portage Resources Inc. will issue 20 million shares to Airon Peru S.A.C.

The due diligence stage was highlighted by the following;

Geological reporting and subsequent estimates have been given by a respected Peruvian geologist and his reviews of the N43-101 and other geological reports have been used to produce a fair estimate of the reserve potential for the Wukakuy properties.
Wukakuy – Bonanza 50,040,000.00 Oz Ag / MTS
Wukakuy - Caprichosa Manto 8,188,128.00 Oz Ag / MTS

The community leadership is vital to any project; Portage has consulted with the community leaders during this due diligence phase and will appoint a community relations leader for this project upon acquisition.

Portage Resources President and CEO expressed his elation by stating, "The due diligence stage was intense, we literally worked night and day, but after we reviewed all due diligence, we were all ecstatic to finalize a definitive agreement. The Wukakuy project is an immense opportunity for Portage and we are looking forward to an extensive drill program in the near future."

About Portage Resources Inc.

Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties, The Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol: OTCQB–POTG

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

Contact:
Paul Luna
00-511-7335100
info@portageresourcesinc.com

SOURCE Portage Resources Inc.

 

Source: PR Newswire (June 27, 2011 - 4:30 PM EDT)

News by QuoteMedia

LIMA, Peru, June 24, 2011 /PRNewswire via COMTEX/ -- Portage Resources Inc. ("Portage" or the "Company") (POTG-OTCQB) is pleased to report positive due diligence results on the Wukakuy Properties. These results forward Portage's intent to acquire the Wukakuy properties.


The results were based on a N43-101 report prepared by a P. Geologist under the definition of "qualified person' set out in National Instrument N43-101, further geological reporting and favorable community relations.

Summary of N43-101 report:

The exploration targets on the Wukakuy Property are a series of stratabound zones of Ag-Pb-Zn mineralization hosted in Carboniferous to Permian-aged carbonate and clastic sediments. This property lies immediately north of the Mina Cecilia, a past Ag-Pb-Zn producer from the same host rocks.

The Wukakuy Property is comprised of two mining concessions named "Wukakuy " and "Wukakuy Uno" totaling 600 hectares located in the Putina District, Department of Puno, southeastern Peru. The property is 110 kilometers north-northeast of the city of Juliaca.

The primary exploration target is the Bonanza Cuerpo, a zone measuring 100 x 250 meters defined by abundant gossan outcrop with indications of an additional 150m of strike length. The surface expression of the gossan suggests that it is a concordant body within the surrounding host carbonates. Samples from the gossan yield highly anomalous values of Pb-Zn (0.15 -0.99% Pb; 0.12 -2.4% Zn) with locally anomalous values of Ag (maximum of 7.8 oz/t Ag). These values from gossan are highly prospective indicators for a massive sulfide body at depth. Mineralized sandstone breccia outcrop further along strike suggests that this zone may extend more than 400m in strike length. This zone is open on either end.

The second target is a smaller manto exposed 1,300 meters northeast of, and parallel to, the Bonanza Cuerpo. Full width of this manto is not exposed in trench cuts. A channel chip sample was taken across 1 meter of exposed manto that returned 5 oz/t Ag, 1.3% Pb, 1.9% Zn. A sample from a gossan outcrop 200m north of this trench cut exposure ran 0.3 oz/t Ag, 4.8% Zn and no Pb.

The property warrants a thorough exploration program given its favorable geology, surface geochemical anomalies, and location near significant stratabound Ag-Pb-Zn mineralization in the district.

Further geological reporting and subsequent estimates have been given by respected a Peruvian geologist and his reviews of the N43-101 and other geological reports have been used to produce a fair estimate of the reserve potential for the Wukakuy properties.

Wuakakuy - Bonanza 50,040,000.00 Oz Ag / MTS
Wuakakuy - Caprichosa Manto 8,188,128.00 Oz Ag / MTS
Based on today's silver prices of approx. $35/Oz, the above estimates have a potential value in excess of $2,000,000,000 ($2 Billion).


The community leadership is vital to any project; Portage has consulted with the community leaders during this due diligence phase and will appoint a community relations leader for this project upon acquisition.

About Portage Resources Inc.

Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc plans to recognize, and acquire near-term production mining properties. The Portage Resources Inc seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol: OTCQB - POTG

CAUTIONARY NOTE: Our mineral properties have reports that may use terms which are recognized and permitted under Canadian regulations. We advise U.S. investors that while such terms are recognized and permitted under Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. The United States Securities and Exchange Commission requires a final or full Feasibility Study to be completed in order to support either Proven or Probable Reserves and does not recognize other classifications of mineralized deposits.

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.
Paul Luna00 511 7335100info@portageresourcesinc.com
SOURCE Portage Resources Inc.

www.prnewswire.com

Press Release Source: Portage Resources Inc. On Thursday June 16, 2011, 6:30 pm EDT
LIMA, Peru, June 16, 2011 /PRNewswire/ -- Portage Resources Inc.  ("Portage" or the "Company") (OTCQB: POTG) has appointed Mr. Oscar Tinoco as Director and VP of Operations effective June 15, 2011.

Mr. Oscar Tinoco is a Metallurgical Engineer and has over 35 years of experience in the mining industry throughout Peru and Colombia. Mr. Tinoco has been a consultant for companies such as Vena resources, FLSmidth (Colombia) Corp and San Manuel (Peru) and has extensive experience throughout South America  in drilling exploration programs.  These projects include Goldmarca, Vena Resources and drilling companies such as Anderson drilling (Australia) consulting. Mr. Tinoco has participated in all aspects of numerous Metallurgical construction plants.

Portage Resources Inc. President and CEO Paul Luna added, "I am very pleased with the appointment of Mr. Tinoco; his expertise is greatly appreciated and will further the responsible growth of the company. We are building a very strong team that will allow us to take advantage of our acquisition opportunities and further production of these opportunities."

About Portage Resources Inc.
Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties. The Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol: OTCQB - POTG
FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

For more information:
Paul Luna Belfiore
info@portageresourcesinc.com
011 511 733 5100

Press Release Source: Portage Resources Inc. On Wednesday June 15, 2011, 6:30 pm EDT
LIMA, Peru, June 15, 2011 /PRNewswire/ -- Portage Resources Inc. ("Portage" or the "Company") (OTCQB: POTG) has chosen Peru as their first area of expansion. Peru has a rich tradition within the mining industry.  Over the past decade, it has had a struggling economy and now in the modern era, Peru is becoming a pillar of economic strength in South America.  Peru also boasts the 42nd largest economy in the world.

Many reserves have been exploited intensively in the US, Canada and Chile, but to date, only about 12 percent of Peru's mineral resources have been worked. Peru has the capacity to double or triple the current levels of output, especially in base metals.

In all, Peru holds about 16 percent of the world's known mineral reserves. Peru is also known to have the largest silver reserves in the world.

Other influential reasons for expansion to Peru:

• One of world's primary destinations for mining investment. US$35.5 billion foreign investment anticipated in the next six years (Price Waterhouse Coopers rept 2/2010)
• Several large mines: Antimina, Yanacocha, Pierina; large Cu porphyry's in the south; greater than 70 smaller mines
• Over 20 Canadian-Australian juniors operating
• Less than 24 months, discovery to production for small to mid-tier gold mine
• Attractive tax regime (30%); several years of regulatory stability
• Recently elected government to continue pro-mining approach

Portage Resources President and CEO, Paul Luna, went on to comment, "The opportunities in Peru are immense.  Peru is set to grow, and Portage Resources is set to grow with Peru."
About Portage Resources Inc.

Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize and acquire near-term production mining properties.  The Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol:  OTCQB – POTG
FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

For more information:
Paul Luna Belfiore
info@portageresourcesinc.com
011 511 7335100

Press Release Source: Portage Resources Inc. On Wednesday June 15, 2011, 5:52 pm EDT
LIMA, Peru, June 15, 2011 /PRNewswire/ -- Portage Resources Inc. ("Portage" or the "Company") (OTCQB: POTG) has appointed Mr. Paul Luna Belfiore as President, CEO and a Director of The Board effective June 13, 2011.
Mr. Luna is an experienced senior manager with broad international experience in developing resources, mining exploration, drilling and mining production.

During the first half of his career, Mr. Luna has filled several roles including production contracting and negotiations of precious metals production within South America. In 1996, Paul was appointed as the Executive Director of El Misti Gold, a Canadian exploration company. Concentrating on the acquisition side of the company, Mr. Luna was responsible for the acquisition and amalgamation of the Sinchao Project as well as the Santa Rosa project. In 2004, Mr. Luna joined Goldmarca Corp as the head of their Peruvian operations which also included managing the drilling program for the Condor Project, where Goldmarca drilled one of the best intercepts in the past decade.

Mr. Luna is a mining engineer with nearly 20 years of experience within the mining industry of Peru. As the son of a great Peruvian Geologist, Mr. Luna has spent many years prospecting and acquiring world class mining properties in Peru. Throughout his career, Mr. Luna has also managed a number of well respected Peruvian mining companies.
As Portage Resources Inc. President and CEO, Mr. Luna brings a wealth of management experience, leadership and commitment to the company.  Mr.  Luna will enhance the company's strategy to acquire exploratory geological operations and mineral assessments.

Mr. Luna  graduated in 1987 from  the University of Lima in Metallurgical Engineering and is fluent in both English and Spanish.

About Portage Resources Inc.
Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties.,  The Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol:  OTCQB – POTG
FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

For more information:
Paul Luna Belfiore
info@portageresourcesinc.com
011 511 733 5100