Bacanora Minerals Ltd. announced the completion and filing of its previously announced Preliminary Economic Assessment ("PEA") on the company's Cajon Borate deposit in Sonora, Mexico. The PEA has been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and is entitled, Preliminary Economic Assessment for the El Cajon Borate Deposit, Magdalena Basin Project, Sonora, Mexico (Pursuant to National Instrument 43-101 of the Canadian Securities Administrators), Magdalena de Kino Area (Map Sheet H1205) Sonora, Mexico, Centered at: 30 degrees 30'N, 110 degrees 50'W. The lead author with overall responsibility for the PEA is Carl G. Verley, P.Geo., who is a "qualified person" within the meaning of NI 43-101 and is independent of the Corporation. The co-authors of the PEA are Geoff Allard, P.E., Ramon Salazar Velazquez, Lic.

Eng. and Martin Vidal, MSc, Lic. Geo.

The PEA has been filed on SEDAR and is also available for download on the Corporation's website. Reader Advisory, This release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.