July 13, 2016
SOFTROCK ISSUES PROGRESS REPORT
CALGARY, July 13, 2016 /CNW/
Nick Taylor, President of Softrock Minerals Ltd (SFT on TSE-V) issued an update on the company's operations as reported in detail on SEDAR and the company's website (www.softrockminerals.com).
He stated that the audited annual report for 2015 showed a 230% increase in annual revenue over the previous year to $63,560 followed by an unaudited first quarter of 2016 of an increase over the same quarter in 2015 of 27%.
He attributed the increases to the 2 and one-half percent GORR Softrock holds in the first well on a 640 acre lease in the Charlie Lake oilfield of northwest Alberta and on which there is room for 3 or more wells.
"The company plans in the next two quarters to expand its Lithium and Potash Permits in Alberta and also to participate for 50% in recompleting a Cardium oilwell in the Ferrier oilfield of Western Alberta."
SOURCE Softrock Minerals Ltd.
On behalf of the Board of Directors
The Honourable Nick Taylor, President and Chief Executive Officer
For further information please contact:
Softrock Minerals Ltd.
#1010, 825 – 8th Avenue SW
Calgary, Alberta T2P 2T3
Ph:(403) 266-2605 or Fax:(403) 266-2730
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