Trevali Resources Corp. Joins OTCQX

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Nov 03, 2010, 07:00 ET

NEW YORK, Nov. 3, 2010 /PRNewswire/ -- Pink OTC Markets Inc. (OTCQX: PINK), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Trevali Resources Corp., (TSX: TV; OTCQX: TREVF) a Canadian-based mineral exploration company, is now trading on the OTC market's highest tier, OTCQX®.

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"We are pleased to welcome Trevali Resources to OTCQX," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "OTCQX provides the highest level of visibility and access to U.S. investors possible in the OTC market."

Trevali Resources began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com.

"As Trevali advances towards becoming one of South America's newest Silver-Lead-Zinc producers we are pleased to be able provide our U.S. investors an improved platform to access our equity market," stated Trevali's president and chief executive officer, Mark Cruise. "The OTCQX has garnered a positive reputation for providing investors improved liquidity, transparency, superior information along with easy access through their U.S. regulated broker dealers."

Berenbaum Weinshienk PC will serve as Trevali Resources' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.

About Trevali Resources Corp.

Trevali Resources Corp., (TSX: TV; OTCQX: TREVF) in conjunction with its partner, Glencore International A.G., has entered into a definitive development agreement for its Santander silver-lead-zinc project in west-central Peru that will see Glencore provide and operate on the property, a 2,000-tonne-per-day concentrate plant, undertake mining operations on a 'contractor/toll basis' and enter into a long-term concentrate offtake agreement with Trevali for 100% of the Santander project's production at benchmark terms.

Additionally, through its wholly owned subsidiary Trevali Renewable Energy Inc., Trevali is undertaking a significant upgrade of the Tingo run-of-river hydroelectric generating facility along with transmission line upgrades and extensions to allow, in addition to supplying power to the mining operation on the property, the potential sale of surplus power into the Peruvian National Energy Grid.

About OTCQX

The OTCQX marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX companies, visit www.otcqx.com.

About Pink OTC Markets Inc.

Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system for over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.otcmarkets.com, www.pinkotc.com and www.otcqx.com or contact us at [email protected].

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SOURCE Pink OTC Markets Inc.