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December 8, 2010
La Mancha Resources Inc. (TSX: LMA, hereinafter “La Mancha” or the “Company”) reports that the situation in the Zouan Hounien region in western Côte d'Ivoire has remained calm since the start of the election process therefore allowing the continuation of the Ity mine operations. As of December 8th, mining and milling activities were ongoing although business hours were affected by the curfew imposed last Saturday. The limited road circulation in the country remains the main risk to Ity's operations as most of the consumables used on site are transported from Abidjan by truck. Although more difficult than usual, a gasoil delivery was successfully completed yesterday evening and more are scheduled. All exploration work in the country has been suspended until further notice.
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Dominique Delorme, President and CEO of La Mancha noted: “In this difficult period for Côte d'Ivoire, La Mancha's first priority is to guarantee the safety of its employees and their family. Our decision to maintain the Ity mine in operation reflects the current stable situation in the Zouan Hounien area. We will however continue to closely monitor the situation.”
La Mancha expects to reach a total production of approximately 130,000 ounces of gold in 2010, 15% of which is produced at the Ity mine.
ABOUT LA MANCHA RESOURCES INC:
La Mancha Resources Inc. is an international gold producer with operations, development projects and exploration activities in Africa, Australia and Argentina. La Mancha's shares trade on the Toronto (TSX) under the symbol “LMA”. For more information on the Company, visit its website at http://www.lamancha.ca/.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains certain “forward-looking statements”, including, but not limited to, the statements regarding the Company's future commercial production. Forward-looking statements express, as at the date of this press release, the Company's plans, estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with the geopolitical tensions currently observed in Côte d'Ivoire, mining industry risks, exploration risks, environmental risks and hazards, uncertainty as to calculation of mineral reserves, requirement of additional financing or additional permits, authorizations or licenses, risks of delays in construction and production and other risks referred to in La Mancha's 2010 Annual Information Form filed with the Securities Commissions, as well as the Toronto Stock Exchange.