MANCHESTER, NH / ACCESSWIRE / April 1, 2015 / Management of QED Connect Inc. (OTC Pink: QEDN) today announced the signing of a Letter of Intent (LOI) by Green M&A Solutions to acquire the title for the mine called “Yurani” located in the municipality of Remedios jurisdiction Department of Antioquia and the facilities and equipment for a processing plant. QED announced the signing of a stock purchase agreement last month with Green M&A Solutions.

The Yurani mine and processing plant is located minutes away from La Palmichala on the same geological formation of El Silencio which is one of the richest formations in Colombia. The Yurani property’s NI 43-101 will be updated by the end of the year and is anticipated to show similar to better results than the report for La Palmichala. The NI 43-101 report on La Palmichala property was prepared by Consultores Independientes en Gestion de Recursos Naturales (CRN), S.A. (Independent Consultants in Natural Resources Management) geological team. The company is a consulting and engineering services organization specializing in fields related to Subsoil Resources and Earth Sciences utilizing the most advanced methods and technologies. CRN has a technical team comprising over 11 highly qualified professionals: mining engineers, geologists, hydro-geologists, geological engineers and environmental technicians. The NI 43-101 for La Palmichala showed over 40,000 ounces of gold of indicated resources in the tunnel and 274,000 ounces of gold of inferred resources (base on a three dimensional model made by the CRN, S.A. geological team. www.crnconsultores.com.

The processing plant in Yurani is a multi-million dollar facility with state-of-the-art equipment and employs Cyanide, in the form of a very dilute sodium solution, to dissolve and separate the gold from ore. The plant has the capacity to handle 250 tons per day of ore with the capability to be upgraded to 500 tons per day. The region typically produces 12 ounces of gold per ton. In additional to processing the ore from La Palmichala and Yurani mines, the plant handles ore from surrounding mines.

Figure 1 Yurani Processing Plant

The transaction is expected to close within 60 days.

About QED Connect, Inc.

QED Connect, Inc. is a holding company which makes acquisitions, investments, and enters into strategic business partnerships. The Company works with organizations that are looking for capital, management assistance, or help in reaching their target markets to realize their true potential. QED’s business model allows it to achieve its goals by expanding its overall revenue and profits potential through multiple market segments.www.qedconnect.com

Safe Harbor Statement

Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “intend,” and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of QED to be materially different from those expressed or implied by such forward-looking statements. QED’s future operating results are dependent upon many factors, including but not limited to the Company’s ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company’s control; and (iv) other risk factors.

For more information contact:

Tom Makmann
Tel: (603) 425-8933
Fax: (541) 764-6180
Email: info@qedconnect.com

SOURCE: QED Connect Inc.