Ortac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration

04 June 2015

ORTAC RESOURCES LTD 

("ORTAC" OR THE "COMPANY")

Zambia Update

Ortac's CEO joins the Board of Zamsort Limited

Ortac Resources Ltd, the AIM listed exploration and mine development company, is pleased to announce that as per the announcement on 30 March 2015, in which the Company entered into a Secured Convertible Loan Note and Call Option Agreement with Zamsort Limited ('Zamsort'), Vassilios Carellas, Chief Executive Officer of Ortac Resources, has joined the board of Zamsort as a Director.  This will also involve an executive management role in the operations of Zamsort and the Kalaba Cu-Co Project, located in north west Zambia.

Vassilios Carellas Ortac CEO commented: "Having returned from a trip to the project in Zambia, I am delighted to be officially appointed to the board of Zamsort, and look forward to being involved with the operations of the company and the development of this highly prospective project. We continue to carry out due diligence and look forward to updating shareholders with further progress in due course."

For additional information please visit - www.ortacresources.com

About Ortac Resources

Ortac Resources is an AIM listed exploration and development company focused on natural resource projects. The Company's flagship asset is the 1.32 million ounce gold project in Slovakia. It has also diversified its portfolio through its strategic investment in Andiamo Exploration Limited, a private company with gold and copper exploration projects in Eritrea and in Zamsort Limited, a private company with copper licences in Zambia.

About Zamsort Limited

Zamsort is a private Zambian registered company that is the 100% owner of the Kalaba Cu-Co Project located approximately 900 km from Lusaka, in Mwinilunga, North Western Province, well within the trending arm of the major geological structure known as the Lufilian Arc (copper belt), on the western flank of the Kabompo Dome. 

The project consists of a 4km² Small-Scale Mining Licence ('SML') over the Kalaba Cu-Co mineral resource enclosed within a 999.28km² Large Scale Prospecting Licence ('LPL') which was previously explored by Equinox Minerals Limited ('Equinox') and Anglo American Prospecting Services ('AAPS') by way of the Zambezi Joint Venture ('JV') through AAPS's affiliate Zamanglo Prospecting Ltd ('Anglo American') during the late 1990s as part of the Kabompo Property. The current LPL encompasses 7 of the top 10 high priority exploration targets identified through the JV prior to Anglo American exiting the country in 2001.

In order for Zamsort to maintain the SML in good standing it has undertaken seasonal mining from the oxide copper resource exposed on surface. Zamsort has estimated that approximately 70,000 tonnes of material has been mined to date from Kalaba. At present, it has estimated that it has approximately 33,000 tonnes of screened ore grading at 3.5% ASCu stockpiled on site and ready to be shipped and toll treated at one of the local facilities in the copper belt where non-exclusive off-take agreements are already in place.

The estimated Kalaba Cu-Co oxide resource of 16.59Mt @ 0.94% Cu equivalent is exposed on surface and has been generated in-house by Zamsorts' Chief Geologist and although it has been registered by Zamsort with the Geological Survey and Ministry of Mines in Zambia, at present it is not considered to be code compliant.

Appendix

Lufilian Arc/Copperbelt           - The Lufilian Arc / copperbelt is a region of Central Africa running through northern Zambia and the southern Democratic Republic of Congo known for copper mining. 

ASCu - Acid Soluble copper

Cu        -           Copper

Not Code Compliant - Not compliant to any internationally recognised method for estimating and calculating ore resources, such as JORC or National Instrument 43-101