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Minerco Resources, Inc. (MINE.OB) Receives Water Contract for the Chiligatoro Hydro-Electric Project

Yesterday, Minerco Resources, Inc. announced that the Company has received the Water Contract from the Honduran Government for their Chiligatoro Hydro-Electric Project.

The Chiligatoro Project’s Water Contract, approved and granted by Secretaria de Recursos Naturales y Ambiente (SERNA), Honduras’s Natural Resources and Environmental Ministry, assigns the rights to exclusively exploit the National water rights of the Chiligatoro and Grande de Manazapa Rivers by the Chiligatoro Project.

The Water Contract is attached to the 30 Year Operations contract and is renewable with the Operations Contract. The Water Contract, in conjunction with the Operations Contract, allows the Chiligatoro Project to be formally submitted to Empresa Nacional de Energia Electrical (ENEE) for Power Purchase Agreement (NYSEARCA:PPA) and National Congress for Final Approval and National Registration.

As previously released, the Intibuca Municipal Environmental Unit and the local communities and municipalities have formally approved the Chiligatoro Project. The Environmental Impact Study has been submitted. It is pending approval from SERNA, Honduras’s Natural Resources and Environmental Ministry. The Honduran National Commission of Energy has approved and SERNA has signed the 30 Year Operations Contract for the Chiligatoro Project.

V. Scott Vanis, President and CEO of Minerco Resources, Inc. said, “SERNA’s approval and execution of Chiligatoro’s Water Contract is another milestone in the approval process for our Chiligatoro Project. We are very confident in the Project’s future and look forward to working closely with the Honduran Government in completing the remainder of the approval process for our Chiligatoro Project.”

Minerco Resources, Inc. is a progressive developer, producer, and provider of clean, renewable energy solutions in Latin America. The Company’s mission is to actively locate, evaluate, finance, develop, construct, and provide clean, green energy throughout Latin America. Their new “Green Vision” is to become a leader in clean, green, renewable energy generation. The Company believes the timing is right for investing in and developing clean, renewable, alternative energy solutions, specifically hydro-electric and wind powered projects in Latin America.

Minerco has acquired 100 percent of the 6 mega-watt Chiligatoro Hydro-Electric Project in Honduras. The purpose of the Chiligatoro Hydro Project is to supply clean energy to Honduras utilizing the Chiligatoro and Manazapa rivers to create a run of the river hydro-electric generation plant. While the Company operates all over Latin America, they have moved their home office location to the Energy Corridor in Houston, Texas.

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