BCN Bacanora Minerals Ltd (delisted)

BACANORA MINERALS LTD. (TSX VENTURE:BCN) is pleased to announce the filing of a
Technical Report ("Report") in respect of its Ventana and Fleur and El Sauz
concessions that form part of the Sonora Lithium Project in northern Mexico. The
Report has been prepared in accordance with National Instrument 43-101 -
Standards of Disclosure for Mineral Projects and is entitled, Updated and
Reclassified Lithium Resources, - Sonora Lithium Project.  The lead author of
the Technical Report is Carl G. Verley, P.Geo., who is a "qualified person"
within the meaning of NI 43-101 and is independent of the Company. The Report
summarizes increases to the resources tonnage and classification that were
announced by the Company in its press release dated June 3, 2014. For a summary
of those increases, readers are encouraged to refer to the prior press release
or directly to the Report, which has been filed on SEDAR and is also available
for download on the Company's website. 


Bacanora is also pleased to announce that it has entered into an agreement with
Rare Earth Minerals Plc (LSE:REM)(AIM:REM), pursuant to which it has granted REM
a new option to negotiate an increase in its ownership interest in Mexilit S.A.
de C.V. ("Mexilit") (which holds the Sauz, Sauz 1, Sauz 2, Fleur and Fleur 1
concessions), from its current 30% interest to 49.9%. The original option
expired on May 22, 2014 and the companies have agreed to a new option, under
identical terms, which will expire on September 30, 2014. For further details
regarding the formal agreement governing Mexilit, please refer to the Company's
news release dated May 22, 2013.


Reader Advisory

Except for statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. In particular, forward-looking information in this press release
includes, but is not limited to the potential for REM to negotiate an increase
in its ownership percentage of Mexilit S.A. de C.V. Although we believe that the
expectations reflected in the forward-looking information are reasonable, there
can be no assurance that such expectations will prove to be correct. We cannot
guarantee future results, performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same, in whole or in
part, as those set out in the forward-looking information. 


Forward-looking information is based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those anticipated in the forward-looking information.
Some of the risks and other factors that could cause the results to differ
materially from those expressed in the forward-looking information include, but
are not limited to: commodity price volatility; general economic conditions in
Canada, the United States, Mexico and globally; industry conditions,
governmental regulation, including environmental regulation; unanticipated
operating events or performance; failure to obtain industry partner and other
third party consents and approvals, if and when required; the availability of
capital on acceptable terms; the need to obtain required approvals from
regulatory authorities; stock market volatility; competition for, among other
things, capital, skilled personnel and supplies; changes in tax laws; and the
other risk factors disclosed under our profile on SEDAR at www.sedar.com.
Readers are cautioned that this list of risk factors should not be construed as
exhaustive.  


The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. We undertake no duty to update any of
the forward-looking information to conform such information to actual results or
to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on
forward-looking information. 


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 release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bacanora Minerals Ltd.
Shane Shircliff
Chief Executive Officer
(306) 649-0602


Bacanora Minerals Ltd.
Martin Vidal
President
(+52 662) 210-0767
www.bacanoraminerals.com

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