ZAPOPAN, JAL, Mexico, Sept. 17, 2012 /PRNewswire/ -- Minera San Jorge S.A. de C.V. ("MSJ" or the "Company") announced today the Company has not signed a Letter of Intent (LOI) with Bandera Gold Ltd. MSJ is responding to the September 12, 2012 announcement by Bandera that a non-binding LOI had been signed between the two companies to purchase of Bandera's interest, by MSJ, in Cinco Minas and Gran Cabrera for $6.5 million U.S.

MSJ would like to clarify that the Company has not signed a LOI with Bandera and has not agreed to purchase Bandera's interest in the two Mexican gold and silver properties for the proposed $6.5 million (US). MSJ has contacted the Investment Industry Regulatory Organization of Canada, and informed them of the matter. Bandera Gold Ltd. is a Canadian based mineral exploration company that trades on the TSX Venture Exchange.

MSJ has no further comment on the matter.

Contact:
Minera San Jorge S.A. de C.V. Jaime Arturo Anaya Trejo Tel: 011 (52) 333-­271-­8792 Email: minerasanjorge@mail.com

SOURCE Minera San Jorge S.A. de C.V.