Portage Resources Inc. Through Its Wholly Owned Subsidiary Portage Minerals S.A. Signs Definitive Agreement to Acquire the CORDILLERA NEGRA Mining Concession Near Antamina Mining Complex

Portage Resources Inc. POTG has entered into a definitive agreement to acquire the CORDILLERA NEGRA Mining Concessions. The concessions consist of two properties, CORDILLERA NEGRA EC property which is 1000 hectares and the adjacent CORDILLERA NEGRA 2 EC property which is 200 hectares. The two properties are located approximately 13 kms from the great Antamina Mine, located in the Ancash Region. The concessions are comprised of 1200 hectares of rich polymetalic formations. Elias Garate, Geologist and Portage Resources VP of Exploration, managed the due diligence process, which was deemed very positive. The team at Portage successfully negotiated favorable terms to reach a definitive agreement.