| September 22, 2009 Pachamama Executes Agreement on Catua Project | |
| Vancouver, British Columbia -- Pachamama Resources Ltd. (TSX.V - PMA) Pachamama Resources Ltd. ("Pachamama" or the "Company") announces it has executed an exploration and exploitation agreement on its wholly owned Catua project located in Jujuy Province, northwestern Argentina. Under the terms of the agreement, AGV Servicios Mineros S.R.L. of Argentina has acquired the right to produce copper from Catua, subject to a US$0.02 per pound royalty to Pachamama. Upon payback of project cap-ex, the two companies will share revenue profits as to 45% each with the remaining 10% to pay mining royalties and finance project closure. Catua is an exotic oxide copper occurrence which has had previous limited surface trenching and sub-surface drilling. Copper mineralization at the property consists of widespread copper wad, malachite, azurite and chrysocolla within the matrix of a poorly exposed sedimentary breccia. Two surface exposures of mineralization separated by 1 km have been identified to date: a northern area measuring 500 by 200 metres and a southern area measuring 100 by 100 metres. Reconnaissance grab samples of these breccias by Mansfield Minerals Inc. have yielded highly anomalous values in lead, zinc, cobalt, arsenic and barium. This news release has been reviewed by John M. Leask, P.Eng., President and CEO of the Company, and a Qualified Person ("QP") as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects). About Pachamama - Pachamama is a mining exploration company formed as a spin-out of Mansfield Minerals Inc. in November 2008. The mineral assets of Mansfield, with the exception of the Lindero gold deposit, were transferred to Pachamama together with certain cash and investments. The Company is currently focused on the Rio Grande copper-gold project in northwestern Argentina. On behalf of the Board of Directors, "John M. Leask" John M. Leask, P.Eng. President, Director and CEO For more information please contact Nancy Goertzen at (604) 681-4462 or see the Company's website at www.pachamamaresources.com. The TSX Venture does not accept responsibility for the adequacy or accuracy of this release. Caution Regarding Forward-Looking Statements Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf. | |
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