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| | | November 20, 2008
Georox Resources Inc. Appeals Four Concession Cancellations In Ecuador
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| | Nelson, British Columbia, Canada, November 20, 2008: Georox Resources Inc. ("Georox" or the "Company") (GXR:TSX-V; OF6A:FRA) announces that on November 18, 2008, the Company received notice from its legal counsel in Ecuador that the Government of Ecuador, under the authority of the April 18, 2008 Mining Mandate, has cancelled four of the Company's Pangui concessions totaling 16,380.70 hectares. The Company has instructed its legal counsel to appeal the concession cancellations based upon administrative errors.
Ecuador's new mining law, now undergoing public review, is expected to be established in early 2009. It is anticipated the current Mining Moratorium will end at that time.
About Georox
Georox Resources Inc. is a mineral exploration company engaged in the acquisition, development and exploration of mining properties. The Company has acquired mining concessions in Ecuador and mining claims in the West Kootenay Region of British Columbia, Canada. The Company trades its common shares on the TSX Venture Exchange under the symbol GXR and on the Frankfurt Stock Exchange under the symbol OF6A.
For further information you can visit the Company's website at: www.georoxresources.com or view the Company's records on SEDAR at: www.sedar.com
Cautionary Statement:
The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein. The News Release includes certain "forward looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed from time to time in the filings made by the Company with securities regulations.
For further information:
Bruce Cottingham, CEO
Georox Resources Inc.
Suite 206, 507 Baker Street
Nelson, British Columbia
Canada V1L 4J2
Tel: (250) 352-9923
Fax: (250) 352-9926 |
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| | You can view the Next News Releases item: Tue Dec 16, 2008, Georox Resources Inc. Closes Private Placement Of 2,730,000 Units.
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