Minera MAPSA Completes Transfer of 178,000 Acres of Mining Concessions in Peru to CD International Enterprises Subsidiary

DEERFIELD BEACH, Florida, October 8, 2013 /PRNewswire/ --

CD International Enterprises, Inc. ("CD International") (OTCQB: CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services, today announced that Minera MAPSA S.A. ("MAPSA"), a Peruvian mining and exploration company, has completed the formal transfer of title of all mining concessions for 178,000 acres of mining properties in southern Peru to CDII Minerales Peru SAC. ("CDII Peru").  With the completion of this transfer CD International's wholly owned subsidiary CDII Minerals and MAPSA each now own a 50% interest in CDII Peru.  The property is divided into three project sites with the largest being the SAMA site, spanning approximately 128,000 acres.

Beginning in April 2013, the parties began conducting initial independent geological studies on a 1728 acre section of the SAMA site to determine the potential for iron ore deposits.  Magnetic susceptibility tests, geological and geomagnetic research, as well as sampling and chemical analysis testing were conducted.  The site samples were examined and tested by Certimin S.A. in Peru. The study estimated that these 1728 acres contain approximately 14 million metric tons of iron deposits.  The chemical analysis of the samples revealed average iron content of 47% to 50% magnetite. While a significant amount of further geological studies remain to fully verify the iron reserves contained in the mining site, these preliminary findings point to vast potential iron deposits at SAMA.  Both CD International and MAPSA are committed to forwarding this project and are in various stages of negotiations with potential partners in China to exploit the enormous potential of these mining properties.

Commenting on the announcement, Mr. Ross Friedman, Vice President of CDII Minerals, stated, "We are excited to now be in full partnership with MAPSA as we work together to further this important project in Peru.  With the mining rights now in control of CDII Peru and with preliminary geological studies pointing towards vast iron deposits at SAMA, we are now in a position to develop this mining project in the coming quarters.  We have been in discussions with several potential investors and partners for this   iron ore production project and these developments will help us substantially in furthering those discussions in the near term.  We believe that if we are successful in those discussions, production from these mining sites could begin in 2014 and generate substantial cash flow for CD International for years to come. We are confident that CDII Peru has positioned itself to potentially become a premier distributor of iron ore from Peru and we look forward to continuing our work to reach this goal for the benefit of CD International and its stockholders."

Commenting on the announcement, Mr. Fernando Bayona Pelaez, President of Minera MAPSA S.A. stated "We are pleased to formally begin our joint venture with CD International in Peru. MAPSA has pledged approximately 178,000 acres of its concessions to CDII Minerals in order to obtain large scale foreign investment from China with the hopes of developing the iron mining industry as well as the semi-finished steel products industry in southern Peru. We believe that with the financial backing, steel expertise and buying power of the right partner in China, coupled with the local mining expertise of MAPSA and the unique skill set of CDII Minerals to act as a multi-lingual, business services and managerial bridge, we will be perfectly positioned for this project to become one of largest, high quality iron ore production sites in the world".

About CD International Enterprises, Inc.  

CD International Enterprises, Inc. (OTCQB: CDII), is a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial corporate consulting services. Headquartered in Deerfield Beach, Florida with corporate offices in Shanghai, CD International's unique infrastructure provides a platform to expand business opportunities globally. For more information about CD International, please visit http://www.cdii.net.

DISCLOSURE NOTICE:

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, CD International Enterprises, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations regarding CDII Peru and the completion of agreements with other potential investors and partners for this effort in Peru, our ability to arrange financing, our expectations regarding profits, if any, and future operating results of CDII Peru and growth in our South America operations.  

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2012.

Contact:
CD International Enterprises, Inc.
Richard Galterio
Investor Relations
Phone: +1-954-363-7333 Ext. 316
Email: [email protected]

SOURCE CD International Enterprises, Inc

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