QRS Capital Corp. Announces Intent to Acquire Copper Project in the IV Region, Chile

13.12.2011  |  Marketwired

THUNDER BAY, 12/13/11 - QRS Capital Corp. (TSX VENTURE: QRS) ('QRS' or the 'Company') announces that it is in the process of completing a letter of intent to acquire a Copper exploration project located in the IV Region of Chile. The completion of the letter of intent is conditional upon certain third party approvals, which are expected to be obtained on or about January 15th, 2012.

The project is within one of the oldest copper areas in the Lambert Mining District in Chile. Accessibility and infrastructure are well established and there are currently many small and medium sized mining operations in the area. As part of its due diligence on the project, the Company's technical team has undertaken detailed studies of the project area, including, geological and structural mapping, geochemical sampling of superficial rocks and soils and a three dimensional induced polarization survey of the whole area.

QRS's President, Diego Benalcazar, stated, 'Chile is an optimum destination for QRS's exploration efforts. We are dealing with a mature mining country with stable laws, qualified professional people and services, all of which provides a secure investment opportunity.'


ON BEHALF OF THE BOARD OF DIRECTORS

John Seaman
Chairman & CEO



CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain information that may constitute 'forward-looking information' under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about future acquisitions and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in the Company's disclosure documents. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:

Apex Capital Inc.
Brett Allan
416-907-4148
ballan@apexcap.ca