September 18, 2013 - Vancouver, British Columbia, Manado Gold Corp. ("Manado") (TSX-V: MDO) is pleased to announce that it has exercised its option to acquire a 75% interest in the Clisbako Property. The exercise of the option was completed pursuant to an amendment to the terms of the option agreement between Manado and Clisbako Minerals Inc. ("CMI") whereby CMI accepted 300,000 shares of Manado and the work completed to date in full satisfaction of the option exercise.
In 2012, Manado drilled the "South Zone" and the "Bari 1 and 2 Zones" and encountered significantly altered epithermal zones which did not carry economic grades. Additional potential geological targets have been identified on the Clisbako Property that require further exploration.
About the Clisbako Property
The Clisbako Property is comprised of ten contiguous mineral claims covering approximately 3,387.889 hectares located in the Interior Plateau Region of north central British Columbia. All of the claims that comprise the Clisbako Property are in good standing until November 30, 2020. Manado's exploration program is primarily focused on gold and silver exploration.
On behalf of the Board of Directors
President and Chief Executive Officer
Investor Relations - Dave Ryan
Forward-Looking Statements Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Manado cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Manado's control. Such factors include, among other things: risks and uncertainties relating to Manado's limited operating history; the need to comply with environmental and governmental regulations; and potential defects in title to Manado's properties. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Manado undertakes no obligation to publicly update or revise forward-looking information.
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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