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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (37453)	5/21/2009 4:43:43 PM
From: LoneClone	Read Replies (1) \| Respond to of 193803

Southwestern Resources Corp. and Hochschild Mining Plc Joint News Release: Plan of Arrangement to Close Today Thursday May 21, 1:18 pm ET ca.us.biz.yahoo.com VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 21, 2009 -- Southwestern Resources Corp. (Toronto:SWG.TO - News) ("Southwestern" or the "Company") and Hochschild Mining plc ("Hochschild") (LSE:HOC.L - News) are pleased to announce that, based on discussions and actions that have taken place since the Company's press release of yesterday's date, Hochschild will close the transaction contemplated under the Arrangement Agreement between the Company and Hochschild dated March 23, 2009. Accordingly, the parties anticipate that the transaction will close today. About Southwestern Southwestern is a Vancouver-based mineral exploration company engaged in the identification, acquisition, evaluation and exploration of gold, silver and base metals mineral properties. Southwestern is a reporting issuer in British Columbia, Alberta, Manitoba, and Ontario and trades on the Toronto Stock Exchange under the symbol SWG. About Hochschild Hochschild is a leading precious metals company listed on the London Stock Exchange (HOCM.L for Reuters / HOC LN for Bloomberg) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild currently operates five underground epithermal vein mines, four located in southern Peru and one in southern Argentina and one open pit mine in northern Mexico. Hochschild has over sixteen long-term prospects throughout the Americas. Hochschild has over forty years experience in the mining of precious metal epithermal vein deposits. For further information please visit www.hochschildmining.com. Forward-looking Statements Statements in this news release that are forward-looking statements are based on the current expectations, beliefs, assumptions, estimates and forecasts about the Company's business and the industry and markets in which it operates. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by these forward-looking statements due to a number of factors, including but not limited to, the Company's access to additional capital to fund future activities, the loss of mineral properties or the inability to obtain mining licenses, the inherently risky nature of the Company's activities, the inherent uncertainty of litigation, the political stability and economic uncertainty of those areas in which the Company carries on operations and the lack of infrastructure in those areas, title risks, the risks and uncertainties associated with joint ventures and the Company's reliance on third parties, statutory and regulatory compliance and the adequacy and availability of insurance coverage. These risks, as well as others, could cause actual results and events to vary significantly. The Company expressly disclaims any intent or obligation to update these forward-looking statements. Contact: Contacts: Southwestern Resources Corp. David Black Chairman (604) 669-2525 Hochschild Mining plc Miguel Aramburu Chief Executive Officer +44 (0) 207 907 2930 hochschildmining.com Source: Southwestern Resources Corp. and Hochschild Mining plc