Bellevue Gold Ltd V.BGL

OlY C..P

[Jentai]

I do not know if I can take 3 more years of that Mexican court BS
.How low wil we go?`$
.15 to
.20. is my guess
Get those drills results out ....soon
.
AMPARO COURT DECIDES THE CASE SHOULD HAVE BEEN HEARD IN A FIRST INSTANCE FEDERAL COURT RATHER THAN THE FIFTH MERCANTILE COURT OF JALISCO

Edmonton, Alberta, – Bandera Gold Ltd. (“Bandera”) announces its legal counsel in Guadalajara, Mexico has been notified of a decision by the Fifth Federal Court of Amparo of Jalisco, Mexico (the “Amparo Court”) related to its dispute with Minera San Jorge SA de CV (a Mexican company) and others on the beneficial ownership of the “Cinco Minas” and “Gran Cabrera” mining projects in Mexico.  The decision dated September 30, 2010, has determined that the Fifth Mercantile Court of the State of Jalisco, which rendered a first instance decision on this matter in favour of Bandera, was not competent to rule on the case. Therefore the Amparo Court has ordered the delivery of the file to the Ninth Appellate Court of the State of Jalisco with instructions to have the file distributed to a first instance Federal Court for ruling on the matter.

The Amparo Court determined that, as the dispute referred to mining concessions which are considered as “national assets”, the Jalisco State Mercantile Court was not competent to rule on the matter, but rather a Federal Court. Bandera has been advised by its Mexican counsel that the ruling of the Amparo Court has mistakenly assumed that the dispute related to the validity, or to a regulatory matter related to mining concessions (case in which the competent judicial authorities would have been the Federal courts), while the facts of the case are that the legal action initiated by Bandera against Minera San Jorge SA de CV and others refers to a commercial dispute about the beneficial ownership of the mining concessions of the projects known as “Cinco Minas” and “Gran Cabrera”, and not to any regulatory matter related to such concessions. Therefore, the matter was well within the jurisdiction of the Jalisco Mercantile Court.

The decision by the Amparo Court only refers to the issue of competent authority to rule on the matter and does not include any decision on the substance of the case.

Bandera Gold will continue to litigate the case and expects that the appropriate Mexican courts will ultimately ratify or uphold the judicial rulings on the matter so far, confirming Bandera’s ownership rights to the “Cinco Minas” and “Gran Cabrera” mining projects in the terms of the existing contracts.

Kelvin Williams
President and CEO