Outcrop Silver Intercepts At Las Maras

VANCOUVER - Outcrop Silver & Gold Corporation reported on additional core holes in the Las Maras shoot on the Santa Ana high-grade silver project in Colombia and provide an update on its pending maiden compliant resource estimation. DH308 intercepted 0.9 meters true thickness of 767 grams equivalent silver per tonne. DH306 and DH308 extend Las Maras high-grade mineralization at depth and to the south. Definitive flotation tests in progress by SGS labs will provide higher confidence diagnostic flotation recovery tests and allow Micon International to use higher metal recoveries in Santa Ana's maiden resource report. Initial metallurgical testing showed recoveries of 94% of contained silver and 96% of contained gold in a concentrate containing 6,540 grams per tonne of silver and 83 grams per tonne of gold. A third drill rig has been added at Santa Ana.

"The resource report will be delayed until the first quarter in order to capture the benefit of optimized higher recoveries," said, Joseph Hebert Chief Executive Officer. "Further, a third drill rig was added at Santa Ana in December in order to complete planned deeper delineation drilling of some of the high-grade shoots which can now be included in the resource estimation. Las Maras high-grade mineralization extends to over 350 meters and is open at depth. Other shoots to be included in the resource report are only drilled to an average depth of 170 meters."