VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 6, 2012) - F.D.G. Mining Inc. (TSX VENTURE:FDG) (the "Company") announces that it has received approval for surface development for exploration and exploitation on its Topacio property in eastern Nicaragua from the Municipality of Muelle de los Bueyes. This approval is the first major step in gaining full regulatory approval for the development of the Topacio property. Further public hearings, an environmental survey taking about two weeks and approval from the South Atlantic Autonomous Region (RAAS) will be necessary to complete the approval process for a mining and milling operation on the Topacio property. Exploitation licenses are issued for 25 years with the option to renew for a further 25 years. The company expects to receive full approval in 2013.
About F.D.G. Mining Inc. (www.fdgmining.com)
F.D.G. Mining Inc. is a Canadian junior mining company engaged in acquisition, exploration and development of precious metal properties in Nicaragua. The Company is currently focused on advancing its core property, the past-producing 9300 hectare Topacio gold concession to production. Topacio has an NI 43-101 compliant inferred resource of 2,716,176 tonnes grading 3.9 g/t gold in a similar geological setting to B2Gold's La Libertad and El Limon mines to the northwest. FDG trades on the TSX Venture Exchange under the symbol FDG.
On Behalf of the Board of Directors
David St. Clair Dunn, P. Geo., President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contact Information:
David St. Clair Dunn, P. Geo
President and CEO
416.479.4433
davidsdunn@shaw.ca
www.fdgmining.com