Sonoro Closes Sale of Chipriona to Agnico Eagle

http://www.sonorometals.com/news/2016/12222016/

VANCOUVER, Canada, December 22, 2016, Sonoro Metals Corp., (“Sonoro” or the “Company”) (TSXV: SMO), is pleased to announce that it has closed the sale of the Company’s Chipriona project in Mexico to Agnico Sonora, S.A. de C.V. (“Agnico”), a subsidiary of Agnico Eagle Mines Limited; the details of which are disclosed in the Company’s news release dated December 14, 2016. Sonoro has now received the first payment under the assignment agreement with Agnico in the amount of $650,000. Three additional sequential installments of $650,000, $800,000 and $1,900,000 respectively are due and payable over the coming months following registration of title at Mexico’s Public Registry of Mining, commencing with the registration of title from the original vendors through to final registration under Agnico. This disposition by the Company has been accepted for filing by the TSX Venture Exchange.

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