Borneo Resource Investments Ltd. Announces New Production Run

HONG KONG / ACCESSWIRE / June 25, 2015 / Borneo Resource Investments Ltd (PINKSHEETS: BRNE) announced that, following successful completion of a test run last month, it has commenced full production at its recently completed leach pad on the 8HA property acquired late last year. In announcing this development, Nils Ollquist CEO commented, “We are pleased that the commitment, in terms of both investment and time, in our new production facilities, will now start to add to our revenue base and offset the shortfall that arose from the write off of the Talawaan investment last year.”

Mr Ollquist continued, “All of the infrastructure at the new site has been developed turnkey, including leveling and constructing the leachpad itself and building associated facilities including tailing ponds, carbon filtration unit, power generation facilities, water access and plumbing, worker accommodation and security. We have refined our production process using the results of the trial run, including running soil testing on ore targeted for excavation and loading, and closer monitoring of the excavation and loading process itself, so that the loaded ore will be of a higher tonnage and of the highest grade.

We are pleased to confirm that the initial test results showed ore grades significantly higher than anticipated and we are optimistic that the result for this run will be well in excess of 2kg of 99% pure gold.”

Mr Ollquist concluded: “We have now created a workable and efficient template for construction, trial and commissioning of new heapleach production facilities. Our mining plan calls for completion of an additional 10,000 tonne pad adjacent to our newly completed site by August and to have a total of 4 large scale operational leachpads by the end of October. These 4 leachpads, fully operational, will have a targeted output of around 17.5kg of 99% pure gold per 6-7 week cycle. Against this background, we look forward to strong financial results for the balance of the year.”

 About Borneo Resource Investments Ltd.

Borneo Resource Investments Ltd. (PINKSHEETS: BRNE) is a company that acquires and develops gold mining properties in the Republic of Indonesia. Borneo’s current assets include gold producing properties in the province of Sulawesi which are mined through a low impact and low pollutive process known as heap leaching. Borneo’s strategy includes selective acquisition of high ore grade properties to form a valuable platform of producing properties with high levels of reserve. Indonesia was the 8th largest gold producer in the world in 2012.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Words such as “believe”, “estimate”, “will be”, “will”, “would”, “expect”, “anticipate”, “plan”, “project”, “intend”, “could”, “should” or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance, and we do not undertake to update our forward-looking statements.

For example, we are using forward looking statements when we discuss the indications that estimate the potential revenue that may be generated from this property. These forward-looking statements are based on the current expectations of the management of Borneo Resource Investments Ltd. only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in the price of natural resources, a change in the estimate of natural resources on our concessions, a change in the ability to extract the natural resources, changes in Indonesian law, risks associated with counterparty default in any of our agreements and the ability to acquire funding. Except as otherwise required by law, Borneo Resource Investments Ltd. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact:

Nils Ollquist
Chairman & CEO
nao@borneore.com
+85-223-355-353

SOURCE: Borneo Resource Investments Ltd.

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