SAN DIEGO, Nov. 18, 2004 (PRIMEZONE) -- Diversified Financial Resources Corporation (DFLR) is a holding company, trading under the stock symbol OTCBB:DFLR. DFLR is in the process of completing its due diligence for the acquisition of the mining concession right to mineral interests known as Sulema No. 2, El Roasario and La Currita located in the Sierra Madre Mountains with in the State of Chihuahua, Mexico.
DFLR is currently evaluating drilling results produced by Silver Standard Resources Inc. The drilling and channel sampling program was designed to test the northern and southern strike extensions, as well as the down dip projections of mineralized zones, within the Sulema Vein.
An update of the value of these inferred reserves are currently being performed based on currently higher silver and gold prices. An estimate of development costs will include mill start-up costs and the costs that will be incurred to access these reserves.
This report has been compiled by a registered geologist in the State of Arizona and who conducted her Master's thesis in the Los Llanitos Mining District. She has consented in writing to the inclusion of such technical information in the form in which it appears in this report. The competent person is Rebecca A. Miller, R.G., geologist, and a consultant to Diversified Financial Resources Corporation.
DFLR is currently a holding company with operations in real estate. Investors are strongly encouraged not to make an investment, which they cannot afford to lose. Furthermore, DFLR does not recommend that any shareholder take any action solely based upon the information provided above.
DFLR strongly encourages the public to read the above information in conjunction with its Form 10KSB for December 31, 2003, and 10QSB for June 30, 2004. These disclosure can be viewed at www.sec.gov. DFLR's website can be viewed at www.dfrc.net.
This press release may contain forward-looking statements that are based on a number of assumptions, including the successful completion of the necessary due diligence in a short period of time. Although DFLR believes these assumptions are reasonable, no assurance can be given that they will prove correct. These forward-looking statements involve a number of risks and uncertainties, including competitive market conditions, successful integration of acquisitions, and the ability to secure sufficient financing. due to such risks and uncertainties.