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Last updated on April 19, 2014 at 18:42 EDT

Hondo Minerals Corporation Enlists Mining Experts Maiden Resources at Tennessee Mine

November 13, 2012

CHLORIDE, AZ, Nov. 13, 2012 /PRNewswire/ – Hondo Minerals Corporation (OTCBB:
HMNC) today announces that the Company has enlisted the expertise and
mining related talents of Maiden Resources, Inc. from the Coeur d’Alene
Mining District of North Idaho.

The Coeur d’Alene Mining District is known for its rich silver, lead and
zinc deposits and an enormous amount of these minerals have been
extracted in the area for more than one hundred years.  Maiden
Resources brings decades of experience in assaying, processing,
permitting, regulatory and safety matters in both underground and open
pit mining operations to Hondo’s team, Maiden will aid Hondo in
professionally evaluating the old Tennessee Mine with the idea of
exploring its underground ore reserves for possible mining ventures.

Tim Cushman, Bob Flinders and Lee Haynes of Maiden Resources were on
site and commented on the similarities between the Tennessee Mine and
the mines of the Coeur d’Alene Mining District.  In a recent visit,
preliminary sampling of identified ore exposures were conducted with
promising results. The results are showing good numbers and should
justify a more extensive exploration of the possible ore reserves left
in the ground. Hondo and Maiden will be discussing these possibilities
in the coming weeks and will keep the public informed as results
develop.

As Hondo Minerals has continued to make the transition from primarily
mining construction operations to ore processing operations in the past
several months, the most recent 2-3 weeks have been ones of decisive
and substantial changes in our operations at the Chloride/Tennessee
Mine facilities.

The contract of the Operations Manager of the past 2.5 year and the
related management company, Advanced Natural Technology Services, Inc.,
was not renewed.

As stated above, Hondo has now retained Maiden Resources, Inc., (www.maidenresources.com) as professional mining and processing consultants.  With Maiden’s
support, Hondo has hired a professional mining industry manager with
extensive laboratory and assay experience as well as ore processing and
mining managerial experience.

Bill Miertschin, CEO of Hondo Minerals says, “We are currently
evaluating our operations and resources as to efficiency from both
processing and financial perspectives. Of course, we remain focused on
our ELeach and RenoCell processes and how to increase their
effectiveness.”  Mr. Miertschin continues to say, ” We are focused on
increasing the professionalism and technical skills of our staff. Hondo
Minerals strives to increase shareholder value by maximizing our
resources.”

About Hondo Minerals

Hondo Minerals Corporation is engaged in the acquisition of mines,
mining claims and mining real estate in the United States, Canada and
Mexico with mineral reserves of precious metals or non-ferrous metals.
Hondo owns the Tennessee and Schuylkill Mines in Chloride, Arizona. 
The Tennessee Mine operated from the late 1800s until 1947 producing
lead, zinc, gold and silver. The Company also owns numerous other
mining claims in the U.S. Southwest.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that involve
risks and uncertainties, including the Company’s beliefs about its
business prospects and future results of operations. Some factors that
could cause actual results to differ materially include economic and
operational risks, changes in anticipated earnings, continuation of
current contracts, and other factors detailed in the Company’s filings
with the Securities and Exchange Commission, including its most recent
Forms 10-K and 10-Q. The Company forecasts provided above are dynamic
and therefore refer only to this release date. The Company does not
undertake to update any forecasts that it may make available to the
investing public.

SOURCE Hondo Minerals Corporation


Source: PR Newswire