TORONTO, ONTARIO--(Marketwired - Aug. 14, 2013) - Minsud Resources Corp. (TSX VENTURE:MSR) ("Minsud" or the "Company") announces that it intends to carry out, subject to the approval of the TSX Venture Exchange (the "TSXV"), a non-brokered private placement of units of the Company ("Units") for gross proceeds of $360,000 (the "Private Placement") at $0.10 per Unit, with each Unit consisting of one common share of the Company (each, a "Share") and one Share purchase warrant (a "Warrant"), with each Warrant exercisable into one Share at $0.35 for a term of two years from the date of issue. The net proceeds will be used by the Company for financing exploration costs, option payments relating to the Company's material properties and for general working capital purposes.

A portion of the gross proceeds is expected to be subscribed for by Compañía de Tierras Sud Argentino S.A. ("CTSA"), an insider and control person of the Company.

No commission or finder's fee will be paid in connection with the Private Placement. The Shares will be subject to a hold period of four months and a day from their date of issuance. The Company expects to complete the Private Placement within 30 days.

As CTSA will participate in the Private Placement, any such subscription will be considered to be a related party transaction within the meaning of TSXV Policy 5.9 which incorporates Multilateral Instrument 61-101 ("MI 61-101"). The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(b) of MI 61-101 in respect of such insider participation.

About Minsud Resources Corp.:

Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Project, primarily for gold, silver and copper in the Province of San Juan, as well as advancing its La Rosita gold and silver project at the Deseado Massif - Santa Cruz Province, in the Republic of Argentina. The Company also holds a 100% owned portfolio of selected early stage prospects, approximately 60,000 hectares distributed within the Provinces of Santa Cruz, Chubut and Rio Negro, in the Republic of Argentina.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, spending commitments, future operations, results of exploration, anticipated financial results, future work programs, capital expenditures and objectives. Forward looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in the Company's TSXV Filing Statement dated April 27, 2011 under the heading "Risk Factors" as available on www.sedar.com. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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