OTTAWA, Aug. 28 /CNW Telbec/ - BLUE FYRE ONE INC., (TSXV: BLU.P) (THE
"CORPORATION"), an Ottawa-based Capital Pool Company, announces that in
connection with the agreement in principle concerning the acquisition of
Soltoro Ltd., an Ontario corporation ("Soltoro"), which is the Corporation's
qualifying transaction, it will be filing on SEDAR the 43-101 Technical Report
concerning Soltoro's "La Tortuga" property in Jalisco State, Mexico.
The Corporation also announces that full disclosure concerning the
qualifying transaction can now be found on SEDAR in the filing statement dated
August 23, 2006 (the "Filing Statement"). This Filing Statement replaces and
amends the filing statement dated August 18, 2006 to include further financial
information concerning Soltoro. The Corporation urges all shareholders to
review the Filing Statement.
Soltoro is a mineral exploration company active in south-western Mexico
through its wholly owned Mexican subsidiary, Soltoro S.A. de C.V. ("Soltoro
Mexico"). Soltoro Mexico holds 100 % title interest to two separate mineral
concessions located in the State of Jalisco, Mexico: El Rayo & La Tortuga. The
entire El Rayo silver-lead-gold concession and a portion of the La Tortuga
copper-gold-silver concession were part of the National Mine Reserve until
denationalization in 1993, at which time, the Mexican Government privatized a
large portion of its governmental mining holdings in order to encourage their
development.
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or accuracy of this release and has neither approved
nor disapproved of the contents of this release.
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%SEDAR: 00021450E
