Guyana Frontier Property Acquisition and Private Placement Agreement

Guyana Frontier Property Acquisition and Private Placement Agreement 
VANCOUVER, Nov. 6, 2012 /CNW/ - Guyana Frontier Mining Corp. (TSXV: GYG, 
"Guyana Frontier") is pleased to announce that it signed a definitive share 
purchase agreement (the "Agreement") today to acquire the Falcao Gold Project 
located in northern Brazil ("Falcao" or the "Project") by purchasing all of 
the shares of a subsidiary company of Horizonte Minerals Plc. ("Horizonte") of 
London, England (AIM and TSX: HZM), a company at arm's length to Guyana 
Frontier. Falcao is subject to an option agreement (the "AngloGold Option 
Agreement") with AngloGold Ashanti Limited ("AngloGold"), one of the world's 
largest gold producers, whereby AngloGold can earn an initial 51% interest in 
the Project by incurring US$4.5 million in exploration expenditures on the 
Project. 
The purchase price for Falcao payable by Guyana Frontier to Horizonte is 
CDN$4,200,000, which will be satisfied by the issuance of 84,000,000 common 
shares of Guyana Frontier (the "Consideration Shares") at a deemed price of 
$0.05 per Consideration Share (the "Acquisition Transaction"). 
In connection with the signing of the Agreement, Horizonte has subscribed on a 
private placement basis for 8,000,000 units of Guyana Frontier (each a "Unit") 
at a price of $0.05 per Unit, to raise gross proceeds to Guyana frontier of 
$400,000 (the "Placement"). Each Unit consisted of one common share and one 
common share purchase warrant (a "Warrant"), with each Warrant exercisable to 
acquire an additional common share of Guyana Frontier at an exercise price of 
$0.10 for a period of two years from the date of closing of the Placement. 
Upon closing the Acquisition Transaction, including the common shares 
purchased by Horizonte in the Placement, Horizonte will beneficially own 
approximately 47.1% of the issued and outstanding common shares of Guyana 
Frontier. 
The Acquisition Transaction and the Placement are both subject to the 
acceptance of the TSX Venture Exchange (the "TSXV"), and the Consideration 
Shares and the securities issued in the Placement by Guyana Frontier will be 
subject to a four month trading restriction pursuant to applicable securities 
laws and the policies of the TSXV. The Consideration Shares will also be 
subject to escrow requirements pursuant to the policies of the TSXV. The 
Acquisition Transaction is subject to approval of the shareholders of Guyana 
Frontier. Closing of the Acquisition Transaction is expected to occur by the 
end of the calendar year. 
The Falcao Project 
Falcao consists of four exploration permits totalling approximately 32,460 
hectares (80,209 acres) located in the Carajas Mineral Province of northern 
Brazil. The Project lies within the eastern extension of the Serra do Inaja 
greenstone belt discovered by Mineracao Colorado, (BHP Minerals) in the 
mid-1980s and covers a very large (more than 40 square kilometres) historical 
multi-point gold, silver and copper geochemical anomaly. 
In August 2010, Horizonte announced the AngloGold Option Agreement, pursuant 
to which AngloGold can earn a 51% interest in the Project by spending US$4.5 
million on exploration and development on the Project over a three-year 
period. Upon AngloGold earning a 51% interest in the Project, the parties will 
operate the Project on a joint venture basis and AngloGold may elect to earn 
an additional 19% to increase its participating share to 70% by funding a 
pre-feasibility study on the Project. 
In late 2011, Horizonte, as operator on the Project funded by AngloGold, 
completed a 15-hole, 3,663 metre drilling program to test a four kilometre 
long by half-kilometre wide gold-in-soil anomaly. Gold mineralization was 
encountered in ten of the fifteen drill holes, including 48.90 metres grading 
0.93 grams/tonne gold from 172 metres to 220.9 metres in hole FAL-002, and 
65.0 metres grading 0.82 grams/tonne gold from 73.0 to 138 metres in hole 
FAL-014, which included 16.01 metres of 2.63 grams/tonne gold (see all 2011 
significant drilling results in Table 1 below). 
AngloGold has completed expenditures of over US$2.5 million in the first two 
years of the AngloGold Option Agreement, and currently has a US$2.0 million 
work commitment remaining. Horizonte, as operator of the Project, has been 
reviewing all exploration data with AngloGold as well as awaiting results from 
recent geochemical and geophysical surveys in order to plan a second phase of 
diamond drilling at Falcao. 
Table 1. Significant Gold Intersections from Falcao 2011 Drilling 
 ____________________________________________________________
|Drill Hole No.|Depth From|Depth To|Intersected| Gold Value  |
|              |   (m)    |  (m)   | Width (m) |(grams/tonne)|
|______________|__________|________|___________|_____________|
|FAL-DDH-001   |   19.00  |  19.26 |     0.26  |      10.65  |
|______________|__________|________|___________|_____________|
|              |   59.09  |  88.44 |    29.35  |      0.68   |
|______________|__________|________|___________|_____________|
|    Including:|   59.09  |  70.19 |    11.10  |      1.21   |
|______________|__________|________|___________|_____________|
|FAL-DDH-002   |   172.00 | 220.90 |    48.90  |      0.93   |
|______________|__________|________|___________|_____________|
|    Including:|   205.14 | 220.90 |    15.76  |      1.65   |
|______________|__________|________|___________|_____________|
|         with:|   172.00 | 174.00 |     2.00  |      3.03   |
|______________|__________|________|___________|_____________|
|              |   189.00 | 190.00 |     1.00  |      2.36   |
|______________|__________|________|___________|_____________|
|              |   205.14 | 208.00 |     2.86  |      3.50   |
|______________|__________|________|___________|_____________|
|              |   216.00 | 217.00 |     1.00  |      12.1   |
|______________|__________|________|___________|_____________|
|         also:|   13.00  |  13.88 |     0.88  |      1.25   |
|______________|__________|________|___________|_____________|
|              |   50.00  |  55.00 |     5.00  |      0.80   |
|______________|__________|________|___________|_____________|
|              |   68.00  |  70.00 |     2.00  |      1.10   |
|______________|__________|________|___________|_____________|
|              |   83.00  |  85.00 |     2.00  |      0.91   |
|______________|__________|________|___________|_____________|
|              |   287.00 | 288.22 |     1.22  |      2.30   |
|______________|__________|________|___________|_____________|
|              |   332.00 | 333.00 |     1.00  |      0.93   |
|______________|__________|________|___________|_____________|
|FAL-DDH-003   |   28.00  |  29.00 |     1.00  |      8.14   |
|______________|__________|________|___________|_____________|
|              |   170.75 | 172.42 |     1.67  |      27.70  |
|______________|__________|________|___________|_____________|
|              |   179.25 | 180.80 |     1.55  |      0.72   |
|______________|__________|________|___________|_____________|
|FAL-DDH-004   |   25.00  |  28.00 |     3.00  |      0.84   |
|______________|__________|________|___________|_____________|
|              |   84.00  |  85.00 |     1.00  |      4.16   |
|______________|__________|________|___________|_____________|
|              |   91.00  |  92.00 |     1.00  |      0.74   |
|______________|__________|________|___________|_____________|
|              |   142.00 | 143.00 |     1.00  |      1.24   |
|______________|__________|________|___________|_____________|
|FAL-DDH-005   |   37.00  |  38.00 |     1.00  |      2.64   |
|______________|__________|________|___________|_____________|
|              |   182.30 | 183.30 |     1.00  |      2.09   |
|______________|__________|________|___________|_____________|
|              |   253.00 | 254.00 |     1.00  |      20.26  |
|______________|__________|________|___________|_____________|
|FAL-DDH-006   |   163.00 | 164.00 |     1.00  |      0.79   |
|______________|__________|________|___________|_____________|
|FAL-DDH-007   |    2.00  |   3.30 |     1.33  |      1.11   |
|______________|__________|________|___________|_____________|
|              |   85.00  |  92.64 |     7.64  |      0.90   |
|______________|__________|________|___________|_____________|
|              |   86.25  |  94.00 |     2.93  |      1.94   |
|______________|__________|________|___________|_____________|
|              |   158.00 | 159.00 |     1.00  |      4.63   |
|______________|__________|________|___________|_____________|
|FAL-DDH-012   |   86.00  | 112.20 |    26.20  |      0.35   |
|______________|__________|________|___________|_____________|
|    Including:|   93.90  | 108.00 |    14.10  |      0.55   |
|______________|__________|________|___________|_____________|
|          and:|   93.90  | 101.00 |     7.10  |      0.81   |
|______________|__________|________|___________|_____________|
|FAL-DDH-013   |   147.00 | 148.00 |     1.00  |      5.62   |
|______________|__________|________|___________|_____________|
|FAL-DDH-014   |   73.00  | 138.00 |    65.00  |      0.82   |
|______________|__________|________|___________|_____________|
|    Including:|   86.99  | 103.00 |    16.01  |      2.63   |
|______________|__________|________|___________|_____________|
|          and:|   112.00 | 138.00 |    26.00  |      1.14   |
|______________|__________|________|___________|_____________| 
No significant gold values were obtained in holes FAL-008, -009, -010, -011, 
and -015. True widths of the mineralized intervals have not yet been 
determined. All 2011 Falcao exploration results are provided to Guyana 
Frontier by Horizonte, and have been reviewed by non-executive Chairman of 
Horizonte David J. Hall, EurGeol, fellow of the Society of Economic 
Geologists, and a Qualified Person under the standards of National Instrument 
43-101. Mr. Hall has reviewed and approved all technical disclosure regarding 
Falcao contained in this news release. 
Sample preparation and analyses 
HQ drill core is collected in the oxide zone and NQ on passing to fresh rock. 
After orientation, the core is split in the oxide zone and cut in the rock 
intervals to produce half-core samples on a nominal one-metre interval. These 
samples are despatched to the ACME sample preparation facility in Goiania, 
Brazil where the drill core is crushed (whole sample) and then split (500 
grams) and pulverized. The resultant pulps are analyzed at the ACME laboratory 
in Vancouver, Canada, for gold (Au), platinum (Pt) and palladium (Pd) using a 
50-gram FA assay with AA finish. Overlimit samples (10 grams/tonne) are 
re-assayed using a gravimetric determination. A package of 41 elements 
including Au is analyzed using a 15-gram charge and hot four-acid dilution by 
ICP-MS. Full QA/QC (quality assurance/quality control) procedures were 
implemented, including the insertion of standards, duplicates and blanks. 
Check samples representing approximately 5 per cent of all the samples are 
checked at another international laboratory for analysis by FA. 
About Horizonte 
Horizonte Minerals Plc. is an AIM and TSX listed mineral exploration and 
development company focused on nickel and gold projects, principally in 
Brazil. Horizonte has two committed major mining partners: Teck Resources 
Limited, a major strategic shareholder in the company, and AngloGold, a joint 
venture partner on selected projects. 
Horizonte's principal asset is its wholly-owned Araguaia nickel project 
located in Pará State in Brazil. In January 2012, Horizonte released an 
updated National Instrument 43-101 compliant nickel mineral resource, which 
included an Indicated Mineral Resource of 39.3 million tonnes grading 1.39% 
nickel together with an Inferred Mineral Resource of 60.9 million tonnes 
grading 1.22% nickel, both at a 0.95% nickel cut-off. 
About Guyana Frontier 
Guyana Frontier is a TSXV-listed public mineral exploration company focused on 
the exploration, discovery and development of precious metals deposits in 
Guyana and Brazil, South America. Guyana Frontier began acquiring interests in 
Guyanese exploration properties in 2007, and now holds various rights to 
obtain working interests in approximately 247,243 acres (100,058 hectares) of 
prospective lands in Guyana. 
Guyana Frontier's primary goal is to develop a significant gold resource at 
the Marudi Mountain Gold Project, and to explore its other projects in Guyana 
and Brazil with joint venture partners. 
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. 
Forward Looking Statements 
This release contains "forward-looking statements" within the meaning of 
applicable Canadian securities legislation, including predictions, projections 
and forecasts. Forward-looking statements include, but are not limited to, 
statements that address activities, events or developments that Guyana 
Frontier expects or anticipates will or may occur in the future, including 
such things as the closing of the Acquisition Transaction, the acquisition by 
Guyana Frontier of an interest in the Project, Guyana Frontier's future 
exploration activities and the growth of Guyana Frontier's businesses and 
general operations and plans. 
Often, but not always, forward-looking statements can be identified by the use 
of words such as "plans", "planning", "planned", "expects" or "looking 
forward", "does not expect", "continues", "scheduled", "estimates", 
"forecasts", "intends", "potential", "anticipates", "does not anticipate", or 
"belief", or describes a "goal", or variation of such words and phrases or 
state that certain actions, events or results "may", "could", "would", "might" 
or "will" be taken, occur or be achieved. 
Forward-looking statements are based on a number of material factors and 
assumptions, including the completion of various conditions precedent to the 
closing of the Acquisition Transaction, such as receipt of all regulatory 
approvals, including that of the TSX Venture Exchange, and receipt of the 
approval of Guyana Frontier's shareholders. Although Guyana Frontier has 
attempted to identify important factors that could cause actual actions, 
events or results to differ materially from those described in forward-looking 
statements, there may be other factors that cause actions, events or results 
not to be as anticipated, estimated or intended. There can be no assurance 
that forward-looking statements will prove to be accurate, as actual results 
and future events could differ materially from those anticipated in such 
statements. Accordingly, readers should not place undue reliance on 
forward-looking statements. Guyana Frontier does not assume the obligation 
to revise or update these forward-looking statements after the date of this 
document or to revise them to reflect the occurrence of future unanticipated 
events, except as may be required under applicable securities laws. 
about Guyana Frontier, please visit our website atwww.guyanafrontier.com or 
contact Warren Stanyer, President and CEO, at (604) 558-0077. 
SOURCE: Guyana Frontier Mining Corp. 
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CO: Guyana Frontier Mining Corp.
ST: British Columbia
NI: MNG PVT MNA  
-0- Nov/06/2012 13:00 GMT
 
 
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