Bacanora Announces Re-Filing of 2013 Q1 and Q2 Interim Financials

BACANORA MINERALS LTD. ("Bacanora" or the "Company") (TSX VENTURE:BCN) announces
that it has re-filed its interim financial statements for the periods ended
September 30, 2013 and December 31, 2013 and its management discussion and
analysis for the same periods. In the course of preparing the Company's
consolidated interim financial statements for the period ended March 31, 2014,
management identified certain required reclassification adjustments for the
accounting for the disposition of its 30% interest in its subsidiary holding the
El Sauz and Fleur Lithium concessions. The Company has corrected the
consolidated financial statements to record directly in equity the difference
between the adjustment to the non-controlling interest and the fair value of the
consideration received. Please refer to note 12 of the restated condensed
consolidated interim financial statements for the periods ended September 30,
2013 and December 31, 2013 (copies of which are available under the Company's
profile at www.sedar.com) for a summary of the impact of the restatement
adjustments on the Company's previously reported consolidated financial
statements.


Reader Advisory

Except for statements of historical fact, this news release contains certain
"forward-looking information" within the meaning of applicable securities law.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. Although we believe that the expectations reflected in the
forward-looking information are reasonable, there can be no assurance that such
expectations will prove to be correct. We cannot guarantee future results,
performance or achievements. Consequently, there is no representation that the
actual results achieved will be the same, in whole or in part, as those set out
in the forward-looking information.


Forward-looking information is based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those anticipated in the forward-looking information.
Some of the risks and other factors that could cause the results to differ
materially from those expressed in the forward-looking information include, but
are not limited to: commodity price volatility; general economic conditions in
Canada, the United States, Mexico and globally; industry conditions,
governmental regulation, including environmental regulation; unanticipated
operating events or performance; failure to obtain industry partner and other
third party consents and approvals, if and when required; the availability of
capital on acceptable terms; the need to obtain required approvals from
regulatory authorities; stock market volatility; competition for, among other
things, capital, skilled personnel and supplies; changes in tax laws; and the
other risk factors disclosed under our profile on SEDAR at www.sedar.com.
Readers are cautioned that this list of risk factors should not be construed as
exhaustive. 


The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. We undertake no duty to update any of
the forward-looking information to conform such information to actual results or
to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on
forward-looking information.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bacanora Minerals Ltd.
Shane Shircliff
Chief Executive Officer
(306) 649-0602


Bacanora Minerals Ltd.
Martin Vidal
President
(+52 662) 210-0767
www.bacanoraminerals.com

Bacanora Minerals Ltd. (TSXV:BCN)
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