Santo Mining Corp. Supports Appointment of New Dominican Mining Regulators
SANTO DOMINGO, Dominican Republic, Oct. 26, 2012 (GLOBE NEWSWIRE) -- Santo Mining Corp. (OTCBB:SANP), (the "Company"), comments that following Danilo Medina's August 16 inauguration as the new Dominican President, Alex Medina was appointed the new General Director of Mining. Not only is this positive news for the Dominican mining sector, it is extraordinarily positive news for Santo Mining Corporation as Mr. Medina formerly worked in the metallic mining sector for 30 years at Falconbridge Nickel in Bonao. Mr. Medina is a former colleague of the members from the Santo Mining exploration team, and together we look forward to continuing a close working relationship with the Dominican Mining Office. In addition the New President has announced he will establish a new Mining and Energy Ministry headed by Pelegrin Castillo to better focus on the management of the Dominican's rich mineral resources. Mr. Castillo is also well known to the Company and Santo Mining has pledged to cooperate fully in the successful development of the new ministry.
About Santo Mining Corporation
Santo Mining Corporation is an aggressive junior minerals exploration and development Company, based in the Dominican Republic. The Company is actively pursuing the acquisition and exploring of properties, which are strategically located in the prolific and highly prospective Hispaniola Gold-Copper Back-Arc area in the Dominican Republic. A detailed description of the Company's activities is available at www.SantoMining.com.
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Further information on the Company and its filings can be found at www.sec.gov
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, such as the Company's plans to acquire a number of highly prospective gold exploration properties, which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, development or exploration of the Company's properties and the timing of any work program or exploration activities, and any results that may be obtained or the commencement of production.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.