CNS Contagious Gaming Inc

VANCOUVER, British Columbia, March 7, 2011 /CNW/ -- Canoro Resources Ltd. (the "Company") (TSXV: CNS) announces that, further to its press release dated February 28, 2011, the High Court of Delhi has dismissed the Company's petition seeking an injunction against the termination of the Company's Amguri Production Sharing Contract (the "Amguri PSC") by the Ministry of Petroleum and Natural Gas of India. The issue of whether the Company is in breach of the Amguri PSC remains subject to the determination of an arbitration panel. The Company is reviewing all its options in connection with the said decision, including, without limitation, an appeal to a higher court. For further information, please contact: Rene Randall Tel: 604-408-8538 Email rrandall@bmgmt.com Disclaimer Certain information regarding the Company in this news release including management's assessment of future plans and operations, the completion of projects and future production levels, may constitute forward-looking statements under applicable securities laws and necessarily involve risks including, without limitation, risks associated with litigation respecting the Company's oil and gas interests, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, capital expenditure costs, including drilling, completion and facilities costs, unexpected decline rates in wells, wells not performing as expected, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. 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 VANCOUVER, British Columbia, March 7, 2011 /CNW/ -- Rene Randall, +1-604-408-8538, rrandall@bmgmt.com, for Canoro Resources Ltd.

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