Bacanora Provides Update on Rare Earth Minerals Joint Venture Agreement #2

BACANORA MINERALS LTD. ("Bacanora" or the "Company") (TSX VENTURE:BCN) announced
today that Rare Earth Minerals, Plc ("REM") has satisfied all conditions under
the terms of the joint venture agreement between Bacanora and REM in respect of
the San Gabriel, Buenavista and Megalit concessions ("Concessions") (details of
which are set out in the Company's press release dated March 12, 2014) to earn a
10% interest in the subsidiary that will hold the Concessions (Minera Megalit
S.A. de C.V.). 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 exploration and drilling on the Concessions. With this condition having
been satisfied, the Concessions are now in the process of being transferred to
Minera Megalit S.A. de C.V., following which shares therein will be issued to
REM.


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 statements regarding the transfer of the
Concessions to, and the shareholdings within, Minera Megalit S.A. de C.V.
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