BCN.L Regulatory News (BCN)

19 May 2015

Bacanora Minerals Ltd ("Bacanora" or the "Company")

Appointment of CEO

Bacanora, the Canadian and London listed (TSX-V: BCN and AIM: BCN) lithium and borates company focussed on Mexico, is very pleased to announce the appointment of Mr. Peter Secker as the new Chief Executive Officer of the Company. Mr. Secker has over 30 years' experience in developing, constructing and operating mines, and most recently, has direct experience of working with lithium projects. His appointment as CEO is in line with the Company's strategy to continue to advance its pre-feasibility studies and to continue to evaluate and progress its path towards production for both the Sonora Lithium Project and the Magdalena Borate Project in Mexico. As CEO, Mr. Secker will report directly to the board of directors of the Company (the "Board"). Mr. Secker takes over the role of CEO from Shane Shircliff, who will remain on the Board as a director of the Company.

Peter Secker (55) holds a Bachelor of Applied Science in Mining Engineering from Newcastle University and a First Class Mine Managers Certificate for Australia and South Africa. Throughout his career he has built, commissioned and operated mining projects in Australia, China, Africa and Canada, and over the past 10 years he has served in a range of CEO roles with companies and ventures that have successfully raised over US$700 million from the debt and equity markets for new mine developments. Mr. Secker has extensive experience in negotiating long term lithium off-take contracts with global lithium end users.

Colin Orr-Ewing, Non-Executive Chairman, commented, "Peter is a highly commercial candidate who has specific experience of working in the lithium market and we are delighted to welcome him to our team during this exciting time in our development. The Sonora Lithium Project sits at the core of our portfolio and, considering its size and high grade nature, we are very eager to progress our plan towards future production and feel that Mr. Secker brings the skill set required to achieve this objective. His experience and the valuable lessons learnt from delivering funding for new mines and of negotiating the first large-scale, long-term lithium off-take agreement, which was a milestone achievement, are expected to be highly beneficial to Bacanora as we focus on delivering value to shareholders. We plan to achieve this through the development of our high grade and innovative portfolio, located in a mining friendly jurisdiction. On behalf of the Board, I would also like to take this opportunity to express our sincere thanks to Shane Shircliff for the hard work and dedicated years of service that he has put into the role of CEO, and for his continuing efforts towards realising value for shareholders."

Peter Secker, CEO, said, "Having operated in the lithium sector for many years, I feel that the strong commercial potential of the Sonora Lithium Project is clear. I look forward to utilising the skills and network gained during my previous roles to progress the Company through its next stages of development with a view towards realising the full value of this extremely exciting project."

For further information please visit www.bacanoraminerals.com or contact:

About Bacanora:

Bacanora is a Canadian and London listed minerals explorer (TSX-V: BCN and AIM: BCN). The Company explores and develops industrial mineral projects, with a primary focus on lithium and borates. The Company's operations are based in Hermosillo in northern Mexico and it currently has two significant projects under development in the state of Sonora. The two main assets of Bacanora are:

· The Sonora Lithium Project, which consists of ten mining concession areas covering approximately 100 thousand hectares in the northeast of Sonora State. The Company, through drilling and exploration work to date, has established an NI 43-101 compliant Indicated Mineral Resource of 1.12 Mt LCE contained in 95 Mt of clay at a Li grade of 2,200 ppm and an Inferred Mineral Resource of 6.3 Mt LCE contained in 500 Mt of clay at a Li grade of 2,300 ppm

· The Magdalena Borate Project, covering 16,503 hectares in Sonora state, Mexico, where the Company's main borate zone, El Cajon, has an NI 43-101 compliant Indicated Resource of 1.17 Mt of B2O3, at an eight per cent. cut-off grade. The Company has completed a number of measures to determine the geological and commercial potential of the project and is undertaking a prefeasibility exercise to determine the economic benefit of developing the mine and constructing a processing plant on site in order to become a supplier of boric acid.