Silver Bar Lode Mining Claim

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(via Thenewswire.ca)



March 20, 2013 - Winnipeg, Manitoba - Cougar Minerals Corp. - TSX-V: COU ("Cougar" or the "Company") is pleased to announce that it has entered into an agreement with Page, L.L.C to acquire 100% of a mining lease assignment agreement and option to purchase on the Silver Bar, LLC.




The property is the patented lode mining claim known as the Silver Bar Lode mine located in T4S,R3W,sec.31,32, Madison County, Montana. The vein is in a bedding parallel shear in the Cherry Creek Series of Algonkian age. The Silver Bar Lode mine was discovered in the late 1800's and produced high grade silver and lead ore with good gold values. Reports indicate hand-picked ore shipped to smelters assayed from 52 to 577 ounces of silver and 0.07 to 0.16 ounces of gold per ton. This rich "Bonanza" silver was mined from an oxidized zone above the water level. At the time it was not possible to mine below the water table despites reports of good values in sulfide ore.




In 1949 and 1950 the dumps and mine waste were shipped to the Anaconda smelter. The smelter reports show the shipments had an average assay of 11.8 ounces of silver and 0.021 ounces of gold per ton.




In 1949 and in 1960 Anaconda geologists visited the property and reported a 1 to 2 foot wide sulfide vein with assays from 59 to 86 ounces of silver and 0.02 to 0.04 ounces of gold per ton.




The strategy for creating value at the Silver Bar silver property is to explore the unmined sulfide ore below the water table.




Readers are cautioned that the above information is historical in nature and not NI 43-101 compliant and should not be relied upon.




COUGAR MINERALS CORPORATION




s/ "Max Polinsky"




Max Polinsky




Chief Financial Officer




For more information, please contact:




Cougar Minerals Corporation




Max Polinsky, CFO/Secretary




(204) 989-2434









Cautionary Note




No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release may contain "forward-looking information", within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to Cougar's exploration program and plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "believes", "plans", "seeks", "expects", "budget" or variations of such words or statements that certain actions, events or results may, could, will, will be, would be or are expected to be. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Cougar to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Cougar does not undertake to update any forward- looking information, except in accordance with applicable securities laws.




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