White Rock, B.C.- New Oroperu Resources Inc. (TSX Venture: ORO) (“New Oroperu” or the “Company”) is pleased to announce that it has received a progress report on activities on its Tres Cruces project, located in North-Central Peru, by Minera Barrick Misquichilca S.A. (“Barrick”). The Tres Cruces project is a 100% company owned project subject to an option agreement with Barrick. Under the terms of the agreement, in order to exercise the option Barrick must pay for all expenditures up to a production decision. The Company retains a 30% interest. The Company’s share of production costs are financed by Barrick. Additionally, the Company retains 1 ½ % NSR royalty of which US$1,000,000 which is to be paid in advance at the time of a production decision. To maintain the option Barrick must pay US$250,000 to the Company on May 31st each year until a production decision is made.
New Oroperu Resources Inc. is White Rock-based company (British Columbia, Canada) with a phone number 6045354451. Our data show that the company is located at the address: 15225 Thrift Avenue Suite 201. The company has a web site: www.oroperu.com.
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