VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/01/12 -- Sirocco Mining Inc. (the "Company" or "Sirocco") (TSX VENTURE: SIM) is pleased to announce that its common shares will commence trading on the Toronto Stock Exchange as of the market opening on October 3, 2012. The Company's ticker symbol "SIM" will remain unchanged. Sirocco's shares will be delisted from the TSX Venture Exchange at the close of market on October 2, 2012.
Richard Clark, CEO commented, "Sirocco's graduation to the TSX reflects its strong financial position and status as one of the world's top Iodine producers. Sirocco has large Iodine reserves and an increasing production profile and is continuing to grow cash flow. Results from pre-feasibility studies regarding potential extraction of both Sodium Sulphates and Sodium Nitrates from the Aguas Blancas ore will be released in Q412 and should illustrate significant additional growth potential for Sirocco."
About the Company
Sirocco Mining Inc. is a Canadian company which produces iodine from its Aguas Blancas mine in northern Chile. In addition, the Company has exploration interests in Brazil and West Africa and is actively assessing other opportunities in the resource sector.
Cautionary Statements
This news release contains forward-looking statements concerning the Company's plans for its business and properties,. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company's exploration and development of its properties, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described in the Company's periodic filings with the British Columbia Securities Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information, except as required by law, and disclaims any legal liability to the contrary.
On behalf of the Board,
Rick Clark, CEO
Neither the 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:
Sirocco Mining Inc. Simon Jackson, President 604 689 7842 604 689 5452 (FAX) www.siroccomining.com
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