NiHAO Mineral Resources Unit Inks Operating Agreement with Sorentomines

Mina Tierra Gracia, Inc. (MTGI), a wholly-owned subsidiary of NiHAO Mineral Resources International, Inc., entered into an Operating Agreement with Sorentomines, Inc. for the exploration, development, extraction, and marketing of minerals obtained from the mineral property in the municipalities of Botolan and Iba, Zambales, covered by MTGI’s Mineral Production and Sharing Agreement No. 345-2010-III Amended I (MPSA).

Under the Agreement, Sorentomines, Inc. shall start the exploration, development, extraction, and marketing of nickel ore mined from MTGI’s mineral property within six (6) months from the signing of the Agreement and issuance of all relevant mining and environmental permits and clearances. MTGI shall be entitled to royalty fees and an annual fee to be paid by Sorentomines, Inc. The Operating Agreement shall be valid for the remaining period of the MPSA, and any renewal thereof.

The execution of the Agreement is not expected to adversely affect the business, operations and financial condition of the Company or MTGI. On the contrary, the signing of the Agreement is expected to benefit MTGI as the exploration, development, extraction, and marketing of minerals are in furtherance of the mining business of the Company and MTGI.

NiHAO Mineral Resources International, Inc. (NI) is a mining company engaged in exploring, developing, acquisition and operating nickel properties as well as investing in operating mining companies.

​The Company aims to create an integrated mining company with its expertise in nickel operation, its access to processingg technology, and the potentials of its projects. The Company's vision is to become a leading nickel mining and processing company in the Philippines. Furthermore, NiHAO strives to become the leading strategic parter of foreign companies willing to invest in the vast potential of the nickel industry in the Philippines.