Portage Resources Inc., Through It's Wholly Owned Subsidiary Portage Minerals S.A., Signs Definitive Agreement to Acquire a Majority Share of the Rocas #2 Concession Totaling the Rocas Potentials to Now Over 3.5 Billion Dollars in Gold Reserves

Portage Resources Inc., through its wholly owned subsidiary Portage Minerals S.A.(POTG-OTCQB), has signed a definitive agreement with Nilam Resources S.A. to acquire 55% of the Rocas #2 project "aka" concession Ruth RB code 010516107 in the Chiquian district, Department of Ancash. This concession consists of 200 hectares and is completely surrounded by approx. 3000 hectares of mining properties controlled by industry giant BHP and is located 36 km west of the great Antimina/Pierina project that has produced upwards of 10 million ounces of gold since 1996.