Sonora Gold Corp. CA$0.10 0.0000 (0.00%)

Corporate Update

Tanzania Mining License Appeal Decision

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Vancouver, British Columbia (February 22, 2017, – Sonora Gold & Silver Corp. (the “Company” or “Sonora”)) wishes to provide an update on the legal proceedings concerning the cancellation of Mining License 413- 2010 upon which the Company held an option. The Company had previously appealed the decision of the Minister for Energy and Minerals to cancel the License to the High Court of Tanzania. In 2012, the High Court of Tanzania dismissed the Company’s appeal (see press release dated June 6, 2012). Since that time, the Company has been seeking leave to appeal the High Court’s decision. The Company has now been advised by its legal counsel in Tanzania, that the Company has been granted leave to appeal the High Court’s decision. The Company’s Tanzanian legal counsel is in the process of preparing and filing the appeal documents. The Company will provide further updates as information becomes available.

ON BEHALF OF THE BOARD OF DIRECTORS

Signed:

“Ken Churchill”

Ken Churchill

President & CEO, Director

For further contact:

Ken Churchill

Tel: 778.373.5499

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Neither 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."

 

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Sonora Gold & Silver Corp.
Suite 2300, Oceanic Plaza
1066 West Hastings St.
Vancouver, BC V6E 3X2

Tel: 778.373.5499