Razor Resources Inc. Announces First Shipment of Gold Since Its Acquisition of the Clavo Rico Gold Mine in Honduras

June 10, 2010

DENVER, June 10 /PRNewswire-FirstCall/ — RAZOR RESOURCES INC. (OTC Bulletin Board: RZOR) (“Razor Resources Inc.” or the “Company”) announces the first shipment of gold from the Clavo Rico mine in Honduras, since its recent acquisition. The initial consignment of activated carbon is scheduled to arrive in Idaho later this week, and will then proceed to Johnson Matthey in Utah for refining.

The President of Razor Resources Inc., Mr. Kelly Fielder, said that he was “very pleased to have production running efficiently through the management transition. We are extremely satisfied with the way our team responded to the challenges of the changeover and kept production operating smoothly. Our operations have continued uninhibited, and the Company is already poised to exceed the mine’s historic average monthly production “

Mr. Fielder further stated that the Company is now focused on “increasing production at the Clavo Rico site by expanding its existing drill program, and upgrading processing facilities. We’re currently implementing cost effective changes, recommended by an independent geologist in a 43-101 report, that will have a very significant impact on the volume of gold we are able to extract from the site.”

For further information contact Razor Resources Inc. at 1-800-285-6204 or visit the website at www.razorresourcesinc.com.

Razor Resources Inc. (RZOR:BB) is a Denver, CO based gold producer engaged in gold mining and its associated activities including: exploration, extraction, processing, and reclamation. The Company specializes in sustainable, low-cost gold production and currently owns and operates the Clavo Rico mine in the Choluteca region of Honduras.

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.

SOURCE Razor Resources Inc.

Source: newswire

comments powered by Disqus