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Share Name Share Symbol Market Type
TSXV:DVR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Deveron Provides Corporate Update

07/01/2013 12:30pm

Marketwired Canada


Deveron Resources Ltd. (TSX VENTURE:DVR) ("Deveron" or the "Company") is pleased
to provide an update on recent activities and future plans.


Deveron has completed all required work to earn a 100% interest in the Nechako
property, subject to a 2% net smelter return royalty payable to the underlying
vendor and a 1% net smelter return royalty payable to Greencastle Resources Ltd.
(TSX VENTURE:VGN). Assays are pending on rock, soil and silt samples collected
late in 2012.


Since Deveron's successful Initial Public Offering in November 2012, management
has been focused on advancing the Nechako property and evaluating new project
opportunities with the objective of securing a second project. Deveron has
11,794,505 common shares issued and outstanding. Greencastle Resources owns
7,569,505 shares or 64%.


The Nechako property, covering approximately 13,000 hectares (28 claims), is
located approximately 100 kilometres southwest of Vanderhoof, central British
Columbia, in the developing Blackwater gold camp, where New Gold Inc. has
recently delineated an open-pit resource of over 10 million ounces of gold.


For more information, please visit www.greencastleresources.com.

This news release includes certain "forward looking statements" within the
meaning of that phrase under Canadian securities laws. Without limitation,
statements regarding potential mineralization and resources, exploration
results, and future plans and objectives of the Company are forward looking
statements that involve various degrees of risk. Forward-looking statements
reflect management's current views with respect to possible future events and
conditions and, by their nature, are based on management's beliefs and
assumptions and subject to known and unknown risks and uncertainties, both
general and specific to the Company. Although the Company believes the
expectations expressed in such forward-looking statements are reasonable, such
statements are not guarantees of future performance and actual results or
developments may differ materially from those in our forward-looking statements.
The following are important factors that could cause the Company's actual
results to differ materially from those expressed or implied by such forward
looking statements: changes in the world wide price of commodities, general
market conditions, risks inherent in exploration, risks associated with
development, construction and mining operations, the uncertainty of future
profitability and the uncertainty of access to additional capital. Additional
information regarding the material factors and assumptions that were applied in
making these forward looking statements as well as the various risks and
uncertainties we face are described in greater detail in the "Risk Factors"
section of our annual and interim Management's Discussion and Analysis of our
financial results and other continuous disclosure documents and financial
statements we file with the Canadian securities regulatory authorities which are
available at www.sedar.com. The Company undertakes no obligation to update this
forward-looking information except as required by applicable law. The Company
relies on litigation protection for forward looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Deveron Resources Ltd.
Investor Relations
416-367-4571 ext. 233
www.greencastleresources.com

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