Vancouver, B.C. - November 27, 2012 - Dajin Resources Corp. ("Dajin") (DJI-V: TSX) (C2U-FRANKFURT) is pleased to announce the appointment of Mr. Steven Cozine to the Company's Board of Directors as well as to the position of Vice President of Corporate Development. The appointment of Mr. Cozine reflects the Company's ongoing initiative to bring depth and experience to the management team in order to complement existing management expertise and capitalize on current corporate opportunities.
Mr. Cozine brings a long history of public company management at the board level with reporting issuers in both Canada and the United States, primarily in mining exploration and development, but also in the industrial and high technology sectors. His public company experience with venture capital, corporate finance, corporate and shareholder relations supports Dajin's efforts to further its mining exploration projects in Argentina and British Columbia. Mr. Cozine's appointment reflects the Company's commitment to fully realize the Company's development potential and increase shareholder value.
Mr. Cozine stated, "I am quite excited to be joining Dajin, particularly at this time when several circumstances are converging that will propel the company forward on its well positioned lithium properties in Argentina as well as its gold prospects adjacent to the Spanish Mountain gold discovery in British Columbia. In my view it is the perfect storm of opportunity."
About Dajin: (www.dajin.ca)
Dajin's Addie 1 property is located on the north side of the west arm of Quesnel Lake in the British Columbia Cariboo Mining District. Dajin owns a 100% interest in 29 mineral claims with a 1,500 meter long, linear gold-in-soils anomaly adjacent to Spanish Mountain Gold Ltd.'s (SPA: TSX-V) Spanish Mountain gold discovery. Dajin also owns a 100% interest in 34 mineral claims comprising the Addie 2 property located south of Quesnel Lake and adjacent to the Frasergold deposit.
Dajin owns a 65% interest in 32 certain mineral claims and 100% interest in 3 additional mineral claims which comprise the Cowtrail Property. Dajin has intersected 1.16 g/t gold and 0.043% copper mineralization over 60.0 feet (18.3 meters) and 0.11 g/t gold and 0.20 % over 124.6 ft (38.0 meters). The Cowtrail Property is contiguous to Consolidated Woodjam Copper Corp's (WCC: TSX-V) Woodjam Copper-Gold project which has been optioned by Gold Fields Limited (NYSE: GFI) Gold Fields has a commitment to spend up to $40 million to earn a 70% interest in this project. An initial resource calculation estimate 146.5 million tonnes at 0.33% copper (1.06 billion pounds of copper) on the Woodjam Project has been reported by Gold Fields.
Dajin holds a 100% interest in concessions or concession applications in Salta and Jujuy Provinces that were acquired in regions known to contain brines with potassium, lithium and boron values. These lands total approximately 100,000 hectares, with 80,248 hectares located in the Salinas Grandes / Guayatayoc salt lakes basin. Other potash /lithium/boron companies currently exploring in Jujuy province include Lithium Americas Inc. (LAC: TSX-T) backed by Mitsubishi and Orocobre Limited (ORL: TSX-T) backed by Toyota. Orocobre previously sampled it's Salines Grandes concessions and announced, "Extensive pit sampling at the Salinas Grandes salar shows the highest average lithium and potassium grades in Argentina and comparable with Atacama brines."
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