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Razor Resources Inc. Announces Closing of the Purchase of the Clavo Rico Gold Mine and Surrounding Concessions in Honduras

March 30, 2010

DENVER, March 30 /PRNewswire-FirstCall/ — Razor Resources Inc. (OTC Bulletin Board: RZOR) (“Razor Resources Inc.” or the “Company”) announces that it has closed on the acquisition of 99% of Compania Minera Cerros Del Sur, S.A. the company owning Gold mining concessions and producing Gold mines covering 200 hectares in Honduras for 34,000,000 shares of common stock in Razor Resources to the shareholders of Compania Minera Cerros Del Sur, S.A. Of the mines purchased, the most well known being the highly prolific “Clavo Rico Mine,” which has been producing Gold since the 1500s. The Clavo Rico mine is presently producing Gold on a consistent basis monthly and shows positive cash flow. Please read the Form 8-K filed by the Company for a more detailed explanation of the transaction and the property. Our corporate website will be available soon. The Website will contain all relevant information to the operations and explanation plans for the company, such as an independent geological report outlining the concessions, their production, and their potential. The Website address will be www.razorresourcesinc.com.

The President of Razor Resources Inc., Mr. Kelly Fielder, had the following to say at the conclusion of the transaction, “Razor’s vision is to be the fastest growing gold mining company in Honduras or Central America by continuing to produce from its central mine and acquiring and producing quality reserves throughout the region in a safe, profitable and socially responsible manner.”

Forward-Looking Statements

This current report contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, continuing production from the “Clavo Rico Mine,” or the generation of positive cash flow as a result, updating of the corporate website or the availability of an independent geological report outlining the concessions, their production, and their potential.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of gold prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.


    For further information, please contact:

    Kelly Fielder
    301-1600 Glenarm St.
    Denver, Co 80202
    303-506-1633
    kfielder@razorresourcesinc.com

    ON BEHALF OF Razor Resources Inc.
    (signed) "Kelly Fielder"
    Kelly Fielder
    Director

SOURCE Razor Resources Inc.


Source: newswire



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