Portage Resources Inc. Receives Official Community Blessing for the Wuakakuy Properties, a Monumental Milestone Considering Other Major Mining Companies Face Potential Local Obstacles

LIMA, Peru, Nov. 10, 2011 /PRNewswire/ -- Portage Resources Inc. ("Portage" or the "Company") (POTG-OTCQB) through its wholly-owned subsidiary, Portage Minerals S.A. reaches major milestone in obtaining community blessing on their Wuakakuy properties considering other well-known great mining companies face potential local obstacles.

On November 9, 2011 in Lima, Peru, each side met again, it was agreed upon by each party as per the local community giving their blessing to Portage due to the fact that each party shared the same vision for Wuakakuy.  The Portage Minerals S.A. Peruvian attorney has now sent all signed documentation to the Notary and all governing bodies.  Mr. Elias Garate has been working diligently over the last few months to close this community blessing and his dedication will long be appreciated.

This community blessing is especially important as Wuakakuy is located in the district of Puno, an area where community relations have been strained with the mining community over the past years.  Portage is looking forward to initiating its next phase plan in the near future for the Wuakakuy properties.

Further, considering recent events within the Peruvian mining community, the Portage milestone is an epic event.  Last week, according to the Bedford Report, (our quoted source) and their press release dated Monday, November 7, 2011:

"Peru's government tried to broker a truce with angry protesters who are opposed to Newmont Mining's $4.8 billion Conga project, the biggest mining investment in the country's history. The new gold mine would generate hundreds of millions of dollars in taxes and royalties for the government, but Mines and Energy Minister Carlos Herrera said to be built it must win the approval of the local community."

The entire press release and more information can be obtained at: http://www.stockwatch.com/News/Item.aspx?bid=U-i0818079-U%3aPOTG-20111107&symbol=POTG&region=U or go to www.bedfordreport.com/NEM

Portage Resources Inc. President and CEO Paul Luna was proud to comment, "I would like to thank Mr. Garate for his tremendous efforts in reaching this milestone for the company.  Even the great and historic Newmont Mining can have the best laid plans but if the community does not give their blessing, problems can arise.  I am happy at this time but there is so much more work to be done, we are prepared for the task at hand."

About Portage Resources Inc.

Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties, the Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.

Symbol: OTCQB - POTG www.portageresourcesinc.com

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements relating to the company's business activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations about the Company's business. Words such as expects, anticipates, intends, plans, believes, estimates and similar words and expressions are intended to identify such forward-looking statements. These statements involve risks that are difficult to evaluate. Actual results can vary from descriptions herein due to many factors including changes in metal prices and business conditions; changes in laws and regulations; problems encountered in exploration and obtaining permits; changes in the competitive environment; technological advances; shortages of skilled workers, drill rigs and equipment; the need for additional capital and other risks listed in the Company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update forward-looking statements.

Contact: Financial Insights
Toll Free: 1-888-824-6757
[email protected]

SOURCE Portage Resources Inc.

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