Acquisition Of The Kramer Hills Oxide Gold Project

VANCOUVER - Zacapa Resources Ltd. reported the acquisition of the Kramer Hills gold project centered on the past producing Shaharald oxide gold mine. The historic mine is located on patented claims and U.S. Bureau of Land Management ground in San Bernardino County, California. Historical resources include five near-surface open pit oxide gold deposits that were permitted for exploitation in the late-1980's and contained approximately 7,500,000 tons at reported grades of 1.65 g/t gold for 375,000 ounces of oxide gold, at a stripping ratio of 0.55:1.

"Kramer Hills contains historical resources with robust oxide gold grades and has excellent potential for expansion along strike and at depth. The greater than two kilometer strike length of historic mineralization under thin cover along with widely distributed gold occurrences in the Kramer Hills district suggests there is good potential to add additional oxide gold mineralization to the deposits and make new discoveries," said, Ian Slater, Executive Chairman. "Zacapa plans to conduct low-cost RC drilling to efficiently verify and expand the historical resource to convert it to a current resource consistent with modern standards. Kramer Hills is an outstanding addition to our growing portfolio of gold projects in the southwest United States including our flagship South Bullfrog project."