Final Approvals For Boston And Montgomery Mine Projects Received

VANCOUVER - Masivo Silver Corp. has received the final remaining approvals for the Boston and Montgomery Mine projects in Elko County, Nevada from Great Lakes Exploration Inc. (GLE).

"We are very happy that this entire due diligence process has been completed and the company can now move towards executing its drill program in this prolific mining district," said, David Coburn, CEO. "We are currently in the late stages of permitting and look forward to announcing the drilling start date later this quarter."

The Projects covers about nine kilometers of prospective metamorphosed limestones containing silver, gold and copper stratabound skarn mineralization marginal to the contact of a Jurassic aged granodiorite intrusion. Mineralization consists of bornite, chalcopyrite and digenite with silver and gold in calc-silicate hornfels adjacent to faults and altered porphyry dikes, as well as replacement of favorable horizons adjacent to the granodiorite contact.