Interest Increased Land Position At La Cigarra Silver Project

 

VANCOUVER, BC - International Northair Mines Ltd. has entered into a binding Letter Agreement that will significantly expand its interest in a large land position (the Parral Concessions) totaling approximately 22,000 hectares surrounding its original six La Cigarra Concessions. The La Cigarra Project is located 26 kilometers from the city of Parral in the state of Chihuahua, Mexico.

"This is a very significant step forward for Northair and our La Cigarra Project," said Fred Hewett, President and CEO. "Consolidating our ownership of these concessions allows us to move forward with un-restricted exploration and potential development of multiple known mineral occurrences on this expanded land position."

The Agreement replaces an earlier agreement with DFX Exploration Ltd. and its relevant subsidiaries dated April 5, 2012 and allows Northair to acquire a 100% interest in a portion of the Parral Concessions (the "Adjacent Property) immediately surrounding its 100% owned La Cigarra silver deposit. La Cigarra hosts a Measured and Indicated mineral resource of 50.5 million ounces of silver grading 76 g/t defined over a strike length of 2.1 kilometers. The Adjacent Property covers an additional 4 kilometers of the strike extension of the 6.5-kilometer long La Cigarra mineral system. This trend is characterized by multiple mineral showings and historic mine workings that represent significant exploration upside for the project. Three significant historic workings known as Las Venadas, La Soledad and Las Chinas form the southern portion of the mineralized system where Northair sampling defined noteworthy silver and gold values. The Adjacent Property also covers the La Navidad Zone, a parallel mineralized trend measuring 470 meters in length and over 200 meters in width. This potentially important system is situated approximately 600 meters to the east of the La Cigarra Resource. The Agreement further allows Northair to acquire a 60% interest in the remaining portion of the Parral Concessions comprising 17,874 hectares surrounding the Adjacent Property.