Markray Announces That a Short Delay Is Required in the Matter of the Buyout of Outstanding Shares

CAMBRIDGE, Mass., March 16, 2012 /PRNewswire/ -- Markray Corp (Pinksheets: RVBR) announced last week that the Company has received an offer to purchase all its outstanding shares. This follows from the interest of its financial partner to acquire the outstanding shares of the Company as well as all the rights to the options the Company has to process additional minerals.

The offer to purchase all the outstanding shares of the Company is $.90 per share.

The Board presented the offer to the major shareholders but no decision was taken by them.

The offer is still on the table following  the request of the shareholders for a delay in this matter. The Shareholders have consulted an accounting firm to make a summary report on the value of the corporate stock in relation to the reserves and other assets.

The Board will inform its shareholders as soon as the report is completed. Nevertheless, the Board is confident that the matter will be settled in an equitable manner in the immediate future.

About Markray

Markray is in the business of extracting precious metals from stockpiles of raw material.  A geological audit of its current reserves concludes that there are the following minerals in the stockpile currently being processed:

Gold:	2,393,600 ounces
Silver:	26,033,920 ounces
Platinum:	26,720 ounces
Iron:	20,800,000 tons

The company plans to acquire additional facilities to increase its reserves. Each facility shall be processed by a unique modular plant. Contact:

Andrei Smirnov

[e-mail]

Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include the fluctuations in the price of gold and in the event of severe weather conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

SOURCE Markray Corp

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