Calgary, Alberta (FSCwire) – Further to the News Release dated January 12, 2015 Morro Bay Resources Ltd. (“Morro Bay” or the “Company”) (TSX-V: MRB) is pleased to announce the Company and Riverside Resources Inc. (“Riverside”) have agreed in principle to terms for an amendment to the option on the Peñoles Gold-Silver Project located in the Peñoles Mining District, Durango, Mexico. A further news release will follow.

About Morro Bay

Morro Bay is a junior mineral exploration company based in Calgary, Alberta, Canada, focused on the exploration for precious metals in Mexico. Morro Bay's business strategy is to build shareholder value by rapidly advancing the Peñoles Project in Mexico through the resource delineation stage. 

Further Information

For further information please contact:

Morro Bay Resources Ltd.

John C. Zang                                                                           Patrick Piette

President and Chief Executive Officer                                  Investor Relations

[email protected]                                              [email protected]

403 680 9264                                                                          416 526 9911

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

Information in this news release may contain forward looking information.  Statements containing forward looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the company.

There can be no assurance that forward-looking statements will prove to be accurate.  Actual results and future events could differ materially from those anticipated in such statements.  Readers should not place undue reliance on forward-looking information.

The forward-looking information contained in this news release is as of the date hereof and Morro Bay does not undertake any obligation to update publicly or to revise any of the included forward looking statements contained herein, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.   

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/MorroBayJan192015.pdf

Source: Morro Bay Resources Ltd. (TSX Venture:MRB) http://www.morrobayresources.com/

Original Article: http://www.fscwire.com/newsrelease/morro-bay-and-riverside-resources-agree-principle-amended-option-agreement