Auxico Resources Canada Inc. announce the successful execution of the Company's third and fourth trades of a cumulative 432 tonnes of rare earth concentrates (monazite sands) from the Democratic Republic of the Congo ("DRC"). The Company sold a total of 720 tonnes of monazite since April of this year, including the latest trading operations, representing a total provisional value of USD 3.8 Million As per the signed sales agency agreement with Central America Nickel ("CAN"), Auxico will retain a commission equal to 15% of the sales price. Auxico controls a total of 1,482 hectares in the province of Vichada, Colombia, where the Company made discoveries of high-grade concentrates with total rare earth oxide content exceeding 55%. The Company is in the process of obtaining the environmental and exploitation permits. In addition, Auxico has a joint venture agreement for the Massangana tin tailings project located in the province of Rond(nia, Brazil, where the Company intends to build a 2,500 tonne per day processing facility that is projected to produce on a yearly basis 37,500 tonnes of monazite, 6,000 tonnes of cassiterite, 90,000 tonnes of ilmenite and 13,500 tonnes of columbite. A recent economic forecast commissioned by the Company and prepared by the Brazilian independent company
PrimeStar has projected yearly revenues of USD 300 million.