Bacanora Announces Lithium Farm-in Deal on El Sauz and Fleur Lithium Concessions

BACANORA MINERALS LTD. (the "Company" or "Bacanora") (TSX VENTURE:BCN) is
pleased to announce it has executed a farm-in agreement with Rare Earth Minerals
Plc ("REM"), a London Stock Exchange listed company (AIM: REM), to participate
in drilling and project evaluation of the El Sauz and Fleur Lithium concessions
in northern Mexico. El Sauz and Fleur are adjacent to and along strike from the
La Ventana concession. The Company's latest inferred lithium resource estimate
for Ventana (see Bacanora's Preliminary Economic Assessment for Ventana dated
January 24, 2013 (the "PEA"), as previously disclosed in the Company's news
release dated January 25, 2013) is 60 million tonnes believed to contain 930,000
tonnes of Lithium Carbonate Equivalent ("LCE") averaging 3,000 ppm Li (1.6%
LCE). 


About El Sauz and Fleur Concessions:

The El Sauz and Fleur concessions are 2 contiguous blocks, 3,411 hectares in
area, that adjoint the La Ventana concession in Sonora, Mexico. El Sauz consists
of a continuous 120+ metre thick volcano-sedimentary section exposed in an area
that covers 1,200 X 400 metres in several outcrops. This section is composed of
altered tuffs, white and green clays and silica layers similar in mineralization
to Bacanora's Ventana lithium deposit. The section is gently dipping to the NE
in the northern outcrops and to the SE in the southern portion and has a minimum
stripping ratio since the clayey section is exposed on the surface. 


Initial surface sampling at Sauz reported a general average of 1,000 ppm Li
(with samples up to 7,220 ppm) and K average of 0.5% (min 0.26%, max 3.07%).
These results were later confirmed in the PEA (which was filed on SEDAR - see
Bacanora's SEDAR profile). The samples also returned values of cesium (a Rare
Earth element) over 500 ppm and few samples over 10,000 ppm B (3.22% B2O3). The
Fleur property consists of an unmeasured volcano-sedimentary section similar to
Ventana and El Sauz. For further information on El Sauz please see Bacanora's
news release dated April 17, 2012.


Highlights of the Farm-In Agreement:



--  REM has the option to acquire an initial 10% interest in the El Sauz and
    Fleur concessions by virtue of REM paying Bacanora an upfront cash
    consideration of $250,000 and spending $500,000 on exploration and
    drilling at El Sauz and Fleur over a 6 month period. 
--  REM has the option to increase its interest to 30% by virtue of an
    additional cash consideration of $500,000 and committing to a further
    $1,000,000 in expenditures on drilling and exploration at El Sauz and
    Fleur over 6 more months. 
--  REM will then have an exclusive option to negotiate terms to increase
    from a 30% interest in the Concession's to a maximum of 49.9%.



Paul Conroy, President and Chief Executive Officer of Bacanora, states; "We view
this agreement with REM as validation of Bacanora's recent lithium exploration
results. We consider both El Sauz and Fleur as very prospective lithium
concessions that when included with Bacanora's Ventana concession could amount
to a world class lithium project. We look forward working with REM and on
conducting meaningful exploration in the very near future."


Martin Vidal, Bacanora's Vice President of Exploration and Professional
Geoscientist, is the Qualified Person for this news release and has reviewed and
approved its contents.


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FOR FURTHER INFORMATION PLEASE CONTACT: 
Bacanora Minerals Ltd.
Paul Conroy
President and Chief Executive Officer
[phone]
[phone] (FAX)