Marlin Gold Hopes to Outbid GoGold Resources for Animas Resources

Marlin Gold Mining Ltd announced earlier this week that it has filed a formal offer to acquire all of the outstanding shares of Animas Resources Ltd with Canadian securities regulators and the Securities Exchange Commission and has mailed its offer and related documents to Animas shareholders.

Animas Resources however had earlier announced on December 4, 2013, that it had “signed a definitive agreement” to sell its Santa Gertrudis gold project to GoGold Resources Inc. (the "GoGold Transaction") for a consideration of $250,000 deposit payable upon signing of the definitive agreement and $4,750,000 payable on closing plus a 3% net smelter returns royalty for gold and silver and a 2% net smelter returns royalty for all other metals.

Marlin believes that the Offer is superior to the GoGold Transaction and it represents a premium of 150% to Animas' closing share price as at December 6, 2013 (two days following the announcement of the GoGold Transaction and the last trading day prior to the announcement by Marlin of its intention to make this Offer) and a premium of 168% to Animas' 20-day volume weighted average price as at December 6, 2013.

The purchase offer submitted to Animas shareholders if accepted will see the shareholders receive $0.10 in cash per common share of Animas. According to Marlin’s bid, the offer will be open for acceptance until 5:00 p.m. (Eastern Time) on January 28, 2014 unless extended, varied or withdrawn.  

Marlin’s offer is subject to certain conditions including a minimum tender threshold of 66 2/3%, receipt of all required regulatory approvals and third-party consents, the absence of any material adverse change in Animas, the absence of certain prohibited activities on the part of Animas (including share issuances, material debt issuances, acquisitions and dispositions, including, but not limited to, the GoGold Transaction).The GoGold Transaction remains subject to approval by Animas' shareholders.

Marlin's offer is conditional upon the GoGold Transaction not proceeding.

Full details regarding Marlins offer are available at www.sedar.com.

Marlin Gold is a publicly-listed company on the TSX Venture Exchange with properties located in Sinaloa and Zacatecas, Mexico. Marlin Gold's priority is to advance its properties toward production. The La Trinidad property, which hosts the Taunus gold deposit, remains the priority focus of Marlin Gold's development activities and is on track to be in production by early 2014. A complete NI 43-101 resource estimate and preliminary economic assessment for the Taunus deposit can be found at www.sedar.com or at www.marlingold.com. If Marlin’s offer is accepted by Animas Resources, and upon achieving production from the Taunus gold deposit, Marlin's focus would be to develop the Santa Gertrudis Project currently owned by Animas Resources.

For further information about Marlin Gold’s offer to acquire Animas Resources please contact

John Brownlie
CEO

Marlin Gold Mining Ltd
604-646-1580 or Cell: 720-261-7252
jbrownlie@marlingold.com
www.marlingold.com