Tres-Or Options The Duvay Gold Project In Quebec

Tres-Or Resources Ltd. (“Tres-Or” or “Optionor”) (TSX-V: TRS) is pleased to announce that Secova Metals Corp. (“Secova”) (TSX-V: SEK) has executed an Option Agreement (the “Agreement”) to earn up to a 90% interest in the Duvay Gold Project, comprising 104 claims in the Abitibi region, 15 kilometres northeast of Amos, Quebec (see news release dated January 6, 2015).

Under the Agreement, Tres-Or grants to Secova the sole and exclusive right and option to acquire an undivided 65% right, title and interest in the Duvay claims by paying to the Optionor the sum of $500,000 (of which $75,000 has been received to date), and incurring $3,750,000 in exploration expenses over a four (4) year period. Secova can earn the full 90% of the property (an additional 25% ownership) by funding a pre-feasibility study and making aggregate expenditures of $12 million to bring the property towards production.

Secova shall act as operator and in circumstances where Secova earns a 90% interest in the Duvay Property, then Tres-Or would revert to a 10% carried interest through to commercial production.  In addition, Secova would grant to Tres-Or the right to receive a resource payment (the “Resource Payment”) based on the initial NI 43-101 compliant resource estimate on the claims.  The Resource Payment will be equal to $30.00 for each gold ounce equivalent categorized as “measured”, $25.00 for each gold ounce categorized as “indicated”, and $15.00 for each gold ounce categorized as “inferred” to be paid from proceeds of commercial production after deducting operating costs and other senior payments.  If Secova chooses to remain at a 65% ownership interest, then a joint venture will be formed with Tres-Or and the Resource Payment would be payable within 180 days of the joint venture formation.

The Duvay Gold Project is located in a favourable geological setting with potential to host low-grade, bulk tonnage gold mineralization.  Visible gold was discovered at Duvay in the late 1930’s.  Gold mineralization is associated with a northwest trending shear zone which strikes over 800 m across the Duvay property and intersecting northeast faults.  Intersection of these deformation trends are potential points of enhanced gold mineralization.  Historical gold results and drilling and test pitting by Tres-Or supports this potential, including 83.194 g/t over 1.0m, 402 g/t over 0.36m, 76.8 g/t over 0.46m and 34.6 g/t over 0.46m. (Duvay Property Technical 43-101 Report, October 31, 2012).

Laura Lee Duffett, P.Geo. is the qualified person as defined in NI-43-101, who has reviewed and is responsible for the technical information presented in this news release.

On behalf of the Board of Directors 


“Laura Lee Duffett” 
President and CEO 
Tel: +1 604-688-8700

For further information
Contact: Dominic Spedaliere - Corporate Communications: Ph: 604-688-8700 
Dean Claridge – Business Development: Ph: 604-880-1865 
Email: Website: 

About Tres-Or Resources Ltd.: 

Tres-Or Resources Ltd. (TSX Venture: TRS) is a Canadian resource company focused on exploring for gold, base metals and diamond resources in the Abitibi-Témiscamingue regions in northwestern Quebec. 

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