Bacanora Announces Reported Changes in Holdings By Major Shareholders

CALGARY, ALBERTA–(Marketwired – Sept. 20, 2016) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN)(AIM:BCN), the Canadian and London listed lithium and borates company focussed on Mexico, has noted that Igneous Capital Limited (“Igneous”), a company in which Mr. Graham Edwards has an interest, notified SEDI in Canada on 17 September 2016 that it had agreed to sell 4.5 million shares in Bacanora on 16 September 2016 at £1 per share. Igneous’ shareholding in the Company on completion of the sale will be 10.5 million shares representing 9.73% of the issued share capital of the Company. The Company also notes the announcement this morning by Rare Earth Minerals Plc that it has agreed to acquire 4.5 million shares in Bacanora with completion due by the end of the month, taking its interest to 19.8% of the Company’s issued share capital.

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