Portage Resources Inc. Signs a Definitive Agreement for $3M Line of Credit

Portage Resources POTG is pleased to announce that the company has signed a definitive agreement for a $3,000, 000 line of credit to further develop its significant mining properties in Peru. This agreement was signed by each party on October 12, 2011. The Portage Team has been reviewing numerous financing opportunities over the past while and has concluded that the best option for the company and its shareholders is to sign a definitive agreement with Grupo Industrial Canamex. Portage Resources Inc. has been working with Grupo Industrial Canamex to establish very reasonable terms for this line of credit. Full detailed agreement will be available shortly.