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VIRGINIA CITY, Mont., May 2, 2013 (GLOBE NEWSWIRE) -- Laredo Resources Corp., (OTCQB:LRDR) ("Laredo") is pleased to announce it has entered into an agreement with Moen Excavation LLC ("Moen") for excavation work, road building, shipping, and trucking of 'dumps'. In the last decade Moen has successfully provided its services to a number of mining properties throughout Southern Montana.
On May 1, 2013 Laredo announced a $2.5 million private placement offering for the exploration and development of the 'pending acquisition' of Pony Mountain Gold ("Pony"). Although the 'pending acquisition' is in the process of being formalized, Laredo considers the immediate execution of the Moen contract to be an integral step for the development of the Pony, which is located in the historic Mineral Hills District in the state of Montana, USA. The property consists of several previously mined, underground, hard-rock vein systems and contains 'dumps' created by 'drifted tunnels'. For further information on Laredo Resources Corp & Pony Mountain Gold:
www.ponymountaingold.comLaredo Resources Corp. Safe Harbor Statement
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements, based on the current plans and expectations of management, are subject to a number of uncertainties and risks that could significantly affect Laredo's current and future plans and expectations, which Laredo undertakes no future obligation to publicly revise.
No stock exchange or regulatory organization in the USA or Canada accepts responsibility for the adequacy or accuracy of this release.
CONTACT: Robert C. Gardner