VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/20/13 -- Nord Iron Mines Inc. (the "Company") announces it has received expert confirmation regarding the authenticity of the seller's signature on the Mineral Claim Purchase Agreement dated June 20th, 2012 between Marino Specogna (Seller) and Vendella Sonia (Purchaser). This agreement was an outright sale of the rights, title, and interest in and to the Quebec, Labrador Trough claims by Marino Specogna to Vendella Sonia, who in turn sold the rights, title and interest of these claims to Nord Iron Mines Inc. on July 24th 2012. All agreements in question were received by Nord Iron Mines Inc. directly from Marino Specogna (Seller) via e-mail and can be viewed at www.nordironmines.com.
Signature confirmation was based on nine separate signature specimens and was performed by Dr. A.K. Singla of Worldwide Forensic Services Inc., a leader in providing private forensic document and fingerprint examination services and also an RCMP accredited and certified agency. Dr. A.K. Singla stated, "The signature purportedly written by Marino Specogna on the second page of Mineral Claim Purchase Agreement dated June 20, 2012 shows similarities with the known signatures provided for comparison. It is probable that this signature was written by the writer of known signatures."
According to article 89 of the Code of civil procedure (Quebec), the person who claims that a signature is forged has to file an affidavit under oath explaining the facts that lead him to think the signature was forged:
"89. The following must be expressly alleged and supported by affidavit: The contestation of a signature or of a material part of any private writing, or of the fulfillment of the formalities required for the validity."
Specogna has alleged that the signatures on the agreements were forgeries. The evidence received by Nord establishes that these signatures are not forgeries and that Specogna did in fact enter into the agreements with both Ms. Sonia and Nord. Based on a recent court ruling, outlined in Nord Iron Mines' news dated January 25th 2013, the jurisdiction of legal proceedings will remain within the Quebec Superior Court and therefore be subject to Quebec Civil law. Therefore the onus falls on the defendant to prove that the signature in question is not authentic.
On September 19th 2012 Nord filed a statement of claim against Zone Resources, Marino Specogna, Ken C. Smith and Vendella Sonia, alleging inter alia, breach of contract and conspiracy surrounding a Mineral Claim Agreement dated July 24th, 2012. Nord's lawsuit relates to certain mineral claims located in the Labrador Trough, Quebec. Nord Iron Mines is seeking $3 million CAD in damages and/or a declaration of ownership from the Quebec Court. Nord continues to assert ownership of the Labrador Trough iron ore claims.
To review Nord's claim and all other documents, please visit: www.nordironmines.com.
On Behalf of the Board of Directors
NORD IRON MINES INC.
R. Bruce Duncan
President, CEO and Director
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements.
Nord Iron Mines Inc.
R. Bruce Duncan
President, CEO and Director
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