Bacanora Provides Update Re Rare Earth Minerals Plc Agreement

BACANORA MINERALS LTD. (TSX VENTURE:BCN) ("Bacanora" or the "Company") announced
today that Rare Earth Minerals, Plc ("REM") has satisfied all conditions under
the terms of the agreement between Bacanora and REM in respect of the El Sauz
and Fleur lithium concessions ("Concessions") (details of which are set out in
the Company's press release dated May 22, 2013) to earn a 10% interest in the
subsidiary that will hold the Concessions. In particular, REM has provided the
Company with an upfront cash payment of $250,000, together with a further
$500,000, which has been allocated towards the Company's recently completed
drilling program on the Concessions. With this condition having been satisfied,
the Concessions are now in the process of being transferred to a newly formed
Mexican subsidiary of Bacanora, following which shares therein will be issued to
REM. 


In addition to the foregoing, REM has also provided Bacanora with written notice
of exercise of its option to increase its ownership in the Concessions to 30%,
which will take effect after delivery by REM of a cash payment to Bacanora in
the amount of $500,000, together with a further $1 million thereafter that is
due within six months, the latter of which shall be used for further drilling
and exploration expenditures on the Concessions.


Reader Advisory

Except for statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. In particular, forward-looking information in this press release
includes, but is not limited to, the potential for a significant lithium
resource to be developed on the joint venture lands, future payments to be made
under the agreement between Bacanora and REM and the occurrence of future
exploration activities on the Concessions. Although we believe that the
expectations reflected in the forward-looking information are reasonable, there
can be no assurance that such expectations will prove to be correct. We cannot
guarantee future results, performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same, in whole or in
part, as those set out in the forward-looking information.


Forward-looking information is based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those anticipated in the forward-looking information.
Some of the risks and other factors that could cause the results to differ
materially from those expressed in the forward-looking information include, but
are not limited to: commodity price volatility; general economic conditions in
Canada, the United States, Mexico and globally; industry conditions,
governmental regulation, including environmental regulation; unanticipated
operating events or performance; failure to obtain industry partner and other
third party consents and approvals, if and when required; the availability of
capital on acceptable terms; the need to obtain required approvals from
regulatory authorities; stock market volatility; competition for, among other
things, capital, skilled personnel and supplies; changes in tax laws; and the
other risk factors disclosed under our profile on SEDAR at www.sedar.com.
Readers are cautioned that this list of risk factors should not be construed as
exhaustive. 


The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. We undertake no duty to update any of
the forward-looking information to conform such information to actual results or
to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on
forward-looking information.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bacanora Minerals Ltd.
Shane Shircliff
Chief Executive Officer
[phone]


Bacanora Minerals Ltd.
Martin Vidal
President
([phone]
www.bacanoraminerals.com