SAN DIEGO, CA -- (Marketwired) -- 08/16/13 -- SourcingLink.net Inc. (PINKSHEETS: SNET) has executed on the Purchase Agreement to acquire 100% of the Eldor Rare Earth Elements (REE) Property Claims located in Northern Quebec by making the initial payments as per the agreement announced August 15th, 2013. The Eldor Project, which is adjacent to the Ashram Rare Earth Deposit, consists of approximately 2438 acres including 21 claims and is located in Northern Quebec which is considered one of the most favorable mining jurisdictions in the world. (Please see link Map Eldor Project http://www.sourcinglink.org/projects.html)
SourcingLink.net may benefit as the property is designated as part of the "Plan Nord" for major economic, social and environmental development as announced by the Quebec Government. Please visit our website for additional details on the Eldor Project at www.sourcinglink.org.
Anne Carioti, CEO of SourceLink.net, Inc., comments: "We are delighted to be moving forward with our acquisition of the Eldor Property Claims and look forward to further advancing the project. It is encouraging to see the Rare Pricing increase as we move forward with our business plan."
As per a recent article in agmetalminer.com "... the MMI (Metal Miner IndX) Rare Earths took the biggest jump of any of the index readings, moving from a paltry 29 in July to 37 in August, on the back of big upward price movements for all 14 metals and oxides that comprise rare earth metals."
About SourcingLink.net Inc.:
SourcingLink.net is a U.S. based publicly traded exploration and development company with a focus on rare metals and rare earth elements which are among the primary input materials of technology in the 21st Century.
This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which contain words such as "expect," "believe" or "plan," by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause actual future events to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
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