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Portofino Confirms Yergo Ownership and Expands Pre-Drilling Exploration

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Portofino Resources Inc. (TSXV: POR.V) (OTCQB: PFFOF) (FSE: POTA) has announced the confirmation of Yergo lithium concessions ownership from the Catamarca Province Ministry of Mining.

Pre-Drilling Exploration Expansion

Portofino’s geological team is preparing a technical response to a previous information request from the Ministry. The team has also identified opportunities to expand upon previously identified geological surface and subsurface targets. A pre-drilling program will extend both the previous surface sampling and geophysical surveying programs.

CEO’s Comment

David Tafel, CEO of Portofino, believes that the current dry season sampling should provide more representative surface grades. The upgraded geophysical VES survey equipment could potentially expand the size of the underlying brine aquifers.

Yergo Lithium Project

The Yergo Lithium Project controls the entire Aparejos Salar. Portofino’s technical team has identified 4 priority drill targets and a drilling contract has been finalized.

Corporate Updates

Jeremy Wright, current CFO of Portofino, has been appointed to the Board of Directors. The company has also retained Integral Wealth Securities Limited as market-makers. Portofino is applying for a one-year extension of 6,305,000 common share purchase warrants.

About Portofino Resources Inc.

Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource projects in the Americas. The Company also has the right to earn 100% interest in three northwestern Ontario, Canada lithium projects.

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