Bacanora Announces Principal Terms of Equity Offering

BACANORA MINERALS LTD. (TSX VENTURE:BCN) ("Bacanora" or the "Company") is
pleased to announce the principal terms of its previously announced brokered
financing that is expected to be completed in conjunction with its application
for the admission of its common shares to trading on the AIM Market of the
London Stock Exchange ("AIM"). Bacanora intends to offer up to GBP 4,750,000 of
common shares at a price of 0.33p per share. Using a foreign exchange rate of
GBP 1.00 = C$1.834, the offering price per security will be approximately
C$0.605 and the aggregate gross proceeds of securities offered is expected to be
up to approximately C$8,708,334. If fully subscribed, an aggregate of up to
14,393,940 common shares will be issued to subscribers under the offering in
addition to shares and warrants that are expected to be issued to the Company's
brokers and Nominated Advisor upon completion of the financing and admission
onto AIM of the Company's common shares. The proceeds of the offering will be
used to cover the expenses associated with the AIM listing and to fund the
preparation of a pre-feasibility study on the Company's Magdalena Borate
Project, for the continuation of the Company's work program to establish the
economic potential of the Sonora Lithium Project and for general working capital
purposes.


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 future listing of the
Corporation's common shares on the AIM, the potential offering of securities of
the Company and the potential aggregate gross proceeds therefrom. 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