Guyana Frontier Mining Corp. (Guyana Frontier) announces that, on January 6, 2012, it learned from a Stockwatch story that Capital Street Group Investment Services (Capital Street), a North Vancouver-based consulting company, had commenced an action seeking damages from it for an alleged breach of contract. Guyana Frontier immediately requested a copy of the Notice of Civil Claim (the Claim) from Capital Street's counsel. Having received a copy of the Claim on January 11, 2012, and having reviewed same, Guyana Frontier intends to file a Response to Civil Claim and vigorously defend the action.
Guyana Frontier is represented in the action by Shapray Cramer LLP.
About Guyana Frontier
Guyana Frontier is a public mineral exploration company listed on the TSX Venture Exchange (TSX-V: GYG), and is focused on the exploration, discovery and development of precious metals deposits located within Guyana, South America. Guyana Frontier began acquiring interests in Guyanese exploration properties in 2007, and now holds various rights to obtain working interests in approximately 342,000 acres (138,400 hectares) of prospective lands. Guyana Frontier's goal is to develop a significant gold resource at Marudi Mountain, and to explore its other Guyanese projects using funding from exploration partners. For further information about Guyana Frontier, please visit our website at www.guyanafrontier.com or contact Warren Stanyer, President and CEO, at 604-558-0077.
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Forward Looking Statements
This news release contains forward looking statements as defined in applicable Canadian securities laws. Forward-looking statements are based on a number of material factors and assumptions, including factors and assumptions related to the progress and results of the litigation described in this press release. .Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the actions of other parties involved in the litigation described in this press release. Although Guyana Frontier has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.