QIT Quinto Resources Inc

MONTREAL, QUEBEC--(Marketwired - Jun 3, 2014) - Quinto Real Capital Corporation (TSX-VENTURE:QIT) ("Quinto" or the "Corporation") is pleased to announce the signing of a letter of intent (the "LOI") with Porter Precious Metals, LLC ("Porter Metals") and Porter Diamond M Ranch, LLC ("Porter Diamond") to assess, lease and develop the Porter Ranch PGM property (the "Property"), which consists of 316 acres, located in New Mexico, USA.

Agreement objectives

The LOI allows Quinto, for an exclusive period of up to nine months, to obtain the necessary drilling permits and to do initial drilling and assaying on the Property in order to enter into an exclusive option agreement to lease the Property given initial results are satisfactory to Quinto (the "Option Agreement").

Following the term of the LOI, the signing of the Option Agreement with sufficient allowed time for drill permitting, drilling, metallurgical testing as part of a due diligence process to ensure the existence of sufficient extractable resources for commercial production.

Once sufficient mineralization is confirmed and within nine months of the signing of the Option Agreement, the Corporation may exercise the option to lease (the "Option") and sign an exclusive lease to continue exploring, drilling and performing economic analysis (the "Mining Lease") with a goal to produce and market minerals on the Property.

Main terms

• Upon signing of the Option Agreement, Quinto will pay US$50,000 to Porter Metals as consideration for granting the Option.

• Upon exercise of the Option to enter into the Mining Lease, Quinto will pay Porter Metals a rent of US$100,000 per year during the lease term.

• Term of the Mining Lease will be 8 years from the exercise of the Option.

• During the course of the Mining Lease, if Quinto conducts mining operations as it will be defined in the Mining Lease, Quinto will have a right of perpetual renewal conditional on continuous payment of royalties to the Lessor at a minimum of US$5 million per year.

• During the Initial Production Period, Quinto will pay Porter Metals a royalty equal to 5% of Net Smelter Returns.

• After the Initial Production Period, Quinto will pay Porter Metals a royalty in perpetuity equal to 12.5% of Net Smelter Returns.

Michael Curtis, President and Chief Executive Officer of Quinto, said: "This is a great opportunity for Quinto. According to the data we have on the Property, we believe that Porter Ranch has the potential to become a short-term small-scale PGM producer. In the coming months, we will continue mineral exploration work on the Porter Ranch property."

The transaction is subject to the approval of the TSX Venture Exchange and other regulatory approvals. All parties are dealing at arm's length.

This news release was reviewed and approved by Michael Curtis, President and Chief Executive Officer of Quinto.

About Quinto Real Capital Corporation

Quinto Real Capital Corporation is a Canadian-based mining exploration corporation focused on the exploration, evaluation and development of gold mining properties with a view to commercial production.

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 news release. The statements made in this news release that are not historical facts are "forward-looking statements". Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those described in these "forward-looking" statements.

Michael CurtisPresident and Chief Executive Officer(514) 303-7895www.quintocorp.comFrancois KalosSOLAK Communications(514) 817-9987fkalos@gmail.com

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