VANCOUVER, Jan. 13, 2012 /PRNewswire/ - Guyana Frontier
Mining Corp. ("Guyana Frontier")
announces that, on January 6, 2012,
it learned from a Stockwatch story that Capital Street Group
Investment Services ("Capital Street"), a North Vancouver-based consulting company, had
commenced an action seeking damages from it for an alleged breach
of contract. Guyana Frontier immediately requested a copy of
the Notice of Civil Claim (the "Claim") from Capital Street's
counsel. Having received a copy of the Claim on January 11, 2012, and having reviewed same,
Guyana Frontier intends to file a Response to Civil Claim and
vigorously defend the action.
Guyana Frontier is represented in the action by
Shapray Cramer LLP.
About Guyana Frontier
Guyana Frontier is a public mineral exploration
company listed on the TSX Venture Exchange (TSX-V: GYG), and is
focused on the exploration, discovery and development of precious
metals deposits located within Guyana, South
America. Guyana Frontier began acquiring interests in
Guyanese exploration properties in 2007, and now holds various
rights to obtain working interests in approximately 342,000 acres
(138,400 hectares) of prospective lands. Guyana Frontier's goal is
to develop a significant gold resource at Marudi Mountain, and to
explore its other Guyanese projects using funding from exploration
partners.
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.
Forward Looking Statements
This news release contains forward looking
statements as defined in applicable Canadian securities laws.
Forward-looking statements are based on a number of material
factors and assumptions, including factors and assumptions related
to the progress and results of the litigation described in this
press release. .Forward-looking statements involve known and
unknown risks, future events, conditions, uncertainties and other
factors which may cause the actual results, performance or
achievements to be materially different from any future results,
prediction, projection, forecast, performance or achievements
expressed or implied by the forward-looking statements. Such
factors include, among others, the actions of other parties
involved in the litigation described in this press release.
Although Guyana Frontier has attempted to identify important
factors that could cause actual actions, events or results to
differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. There
can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements.
SOURCE Guyana Frontier Mining Corp.