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Mobius Announces Commencement of Montana Exploration Program

11.06.2014  |  FSCwire
Calgary, Alberta CANADA, June 11, 2014 /FSC/ - Mobius Resources Inc. (MBS - TSX Venture), ("Mobius" or the "Company") is pleased to announce that it has commenced operations on its previously announced two to four well exploration program in Montana. As previously discussed in the Company's press release dated May 20, 2014, the Company anticipates that it will assess the results of the first well, and correlate and re-interpret the 3D seismic data if necessary, before committing to further drilling locations. The Company does not anticipate releasing the results of this ongoing work until late July 2014.



For more information, please contact:

Mobius Resources Inc.
Lee A. Pettigrew, President & CEO
(403) 444-7842
lpettigrew@mobiusresources.com or

John Newman, Chief Financial Officer
(403) 444-7850
jnewman@mobiusresources.com Or
visit us at: www.mobiusresources.com



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.


Forward-Looking Statements

Certain information contained herein may constitute forward-looking statements or forward-looking information (collectively, "forward-looking statements") under applicable securities laws, including the certainty and timing of determining further drilling locations and the timing of any announcement of results.  Forward-looking statements look into the future, and provide an opinion as to the effect of certain events and trends on the business.  Forward-looking statements are based on the estimates and opinions of the Company's management at the time the statements were made.  Readers are cautioned not to place undue reliance on these statements as the Company's actual results, performance or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties or other factors affect the Company's business, or if the Company's estimates or assumptions prove inaccurate.  Therefore, the Company cannot provide any assurance that forward-looking statements will materialize.  Such risks include, but are not limited to; operational risks in exploration, development and production; delays or changes in plans; competition for and/or inability to retain drilling rigs and other services; competition for, among other things, capital, existence or acquisitions of reserves and resources, undeveloped lands, skilled, competent personnel and supplies; governmental regulation of the oil and gas industry, including environmental regulation; geological, technical, drilling and processing problems and other difficulties in finding, developing and producing resources and reserves and the additional risks set forth under the heading "Risk Factors" in the Company's annual information form for the year ending September 30, 2013 dated February 24, 2014 and available under the Company's SEDAR profile at www.sedar.com. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates change except as may be required by applicable securities laws. material assumptions that were applied in making the forward-looking statements in this press release include: execution of the Company's existing plans for each of its projects, which may change due to changes in the views of the Company, or if new information arises, which makes it prudent to change such plans; and execution of the Company's plans to seek additional joint venture partners and additional opportunities in the natural resource sector, which are dependent in part on global economic conditions and upon the prices of commodities and natural resources; and, that management has made the correct interpretation and assessment of the seismic and other exploration data in respect of its acreage position and that assuming such correct interpretation has been made, that anticipated resources will be able to be commercially developed.
The Company assumes no obligation to update forward-looking statements except as may be required by applicable securities laws.

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