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Quri Resources, Inc.: Quri Resources, Inc. Announces Exploration in La Conquista Advances

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^{Published in Science and Technology on Thursday, June 25th 2009 at 10:27 GMT, Last Modified on 2009-06-25 10:28:30 by Market Wire}  

QUITO, ECUADOR--(Marketwire - June 25, 2009) - Quri Resources, Inc. (PINKSHEETS: [ QURI ]) entered into a letter of intent to acquire La Conquista mine in January of 2009. Upon receiving positive results from an intensive exploratory campaign that started in April 2009, management informed G&G Mining that it was going to exercise its option to acquire La Conquista gold mine in Pacto, Ecuador.

Results on these samples show 10 to 60 grams per ton. These samples were taken from the exploratory tunnels (galleries up to 30 meters) which follow major veins within La Conquista. The mineralization that occurs in La Conquista corresponds to a hydrothermal and mysothermal system. Intrusive mineralization produced quartz veins bound south to south east with variations of 35 to 70 degrees. There is also presence of sulphurs such as pirite, calcopirite and galen. Samples that were taken from the exterior of the galleries show very low results, which indicate that mineralization concentration is much higher as the vein continues in the exploratory galleries. Better results are expected the deeper we probe within the exploratory tunnels.

Eduardo Muñoz, Vice President of Quri Resources, Inc., stated, "We have secured the land rights on this property with the intention to build a plant; the results we have gotten from the analyzed samples confirm the potential we have seen in La Conquista. We are in discussions with an investment group to finance this acquisition and expect to close within the next 30 days."

Quri Resources is a U.S.-based junior mining company committed to the exploration, discovery and development of gold, silver, copper and other mineral resources. Quri Resources, Inc. holds mining rights and mineral concessions throughout Ecuador. These concessions are in different stages of exploration and development.

Founded by professionals with unmatched expertise in the mining industry in South America and North America, we are working for a better future for our customers, neighbors, and shareholders. We are committed to exploring responsibly, maintaining environmentally friendly policies while impacting the local economy in an exponentially positive manner that will allow our shareholders to take pride in their investment.

For more information about us, please visit our web site [ www.quriresources.net ]

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the worldwide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.