Pasinex Resources Announces Sale of High-Grade Zinc Material From Its Pinargozu Mine in Turkey

Vancouver, British Columbia, CANADA

VANCOUVER, British Columbia, Dec. 11, 2014 (GLOBE NEWSWIRE) -- Pasinex Resources Limited ("Pasinex") (the "Company") (CSE:PSE) (FSE:PNX) is pleased to announce the sale of up to 5,000 tonnes of high-grade zinc mineralized material from its Pinargozu mine for an expected value to be well over US $1 million.

Mr. Steve Williams, President and CEO said: "We have been mining now for nearly six months at our Pinargozu zinc mine and have produced about 5,000 tonnes of material grading about +30% Zn. The sale of our mined product is a significant step forward for the Company and it indicates the important potential presented to us by the Pinargozu project and the Horzum AS joint venture. I now look forward to moving ahead to our next important milestones which are to start to build a resource at Pinargozu and, in 2015, to further expand mine production there."

The Pinargozu mine is a 50/50 joint venture, called Horzum AS, with Turkish mining company Akmetal AS ("Akmetal"). The sale of the high-grade zinc material is made by the joint venture to Akmetal, who in turn sell the material, together with other zinc products, to third parties.

Proceeds from the sale will be used to fund ongoing exploration and mining at Pinargozu and general costs for Pasinex Turkey operations.

About Pasinex

Pasinex Resources Limited (CSE:PSE) (FSE:PNX) is a base and precious metal-focused exploration company with a particular initial priority given to building a strong portfolio of base metal opportunities in Turkey. The Company has the Pinargozu and Akkaya zinc projects in Adana province, Turkey. There, they are focused on small scale high-grade zinc mining from the Pinargozu project. Pasinex also has the Golcuk copper project in Sivas province, Turkey which is being systematically explored and advanced. The Company has a strong technical management team with many years of experience in mineral exploration and mining project development.

On Behalf of the Board of Directors 

Steve Williams 
Phone: 416 861 9659 

The CSE does not accept responsibility for the adequacy or accuracy of this news release.

This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

All statements within, other than statements of historical fact, are to be considered forward looking. Although Pasinex Resources Ltd. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.