New Zone Reports All Samples Anomalous in Gold

HALIFAX, Jan. 14, 2013 /CNW/ - Stockport Exploration Inc. (TSX: SPT) (OTC: LMTCF) is pleased to release sampling and mapping results from 'Zone 2' of the '258 Central' target, located within the company's 2,020 km² Kenyan property package.

Ongoing field mapping and sampling on the 258 Central target area has returned significant gold results at Zone 2. Assay results for all 16 rock samples from Zone 2 were anomalous in gold, with 4 of the assays returning values over 12 g/t gold.  Similar to work completed in Zone 1 on 258 Central, samples were taken from either float, chipped across quartz vein widths exposed at surface or obtained from materials uncovered by artisanal workings.  Zone 2 runs parallel to Zone 1 and is located approximately 800 metres to the southwest of Zone 1 and extends 2.0 km x 500 metres along a northwest strike similar to Zone 1.  The thickness of vein samples ranged from 0.05 to 0.7 metres and is thought to represent true thickness of the individual veins sampled.  More detailed mapping and sampling is planned to better define the relationship between true thickness and vein thickness.

All 18 samples recently returned from the 'Zone 1' (see November 27, 2012 release) were anomalous in gold, with five samples returning over 12 g/t gold.

"Our 258 Central target is producing very consistent, high-grade assay results. Combined, Zone 1 and 2 have returned 34 of 34 assays anomalous in gold with over 25% of the results grading higher than 12 g/t gold. ", said Jim Megann Stockport Exploration President and CEO.  "These results are positioning our 258 Central target as the most promising target within our Kenyan concession package ".

Both Zone 1 and Zone 2 are represented by structural corridors that are defined by a strong resistivity response from the gradient array IP survey and gold-in-soil anomalies.   The Zone 2 corridor appears to occur within mudstone and rhyolitic rocks along a contact with diorite and quartz porphyries.  Quartz veins in both zones show a primary vein orientation of 120 to 140 degrees and a secondary cross vein trending between 020 to 040 degrees. Primary vein dips are 060 to 070 degrees to the southwest and secondary vein trends have been observed dipping 060 to 070 degrees to the northwest. 

Sampling results from Zone 2

About Stockport Exploration Inc.:

Stockport is focused on the exploration of a district-scale land package along a prolific gold-hosting greenstone belt in southwest Kenya. The 2,020 km² property package has the potential to host multiple mineral deposits, including Lode-Au and Cu-Zn-Au-Ag massive sulphide types. Stockport also holds the La Morena Copper-Silver property in Coahuila, Mexico, the Seymour Lake Tantalum-Lithium-Beryllium property near Armstrong, Ontario, and the KM61 property, which hosts a 43-101 Compliant Molybdenum-Copper-Silver Resource, also near Armstrong, Ontario.

This press release was prepared under the supervision of Peter Webster, P.Geo., who is President of Mercator Geological Services Limited and a Qualified Person as defined under National Instrument 43-101.  Mr. Webster has reviewed the scientific and technical information in this press release.  Standards, duplicates and blanks are submitted with the samples for QA/QC monitoring.  Samples are stored in a locked building onsite, and delivered to the prep-lab in Kisumu by Company vehicles and drivers, in numbered, tamper-proof tagged gunny sacks.  Assays reported were performed by ALS Chemex Laboratories in Johannesburg, South Africa and Genalysis Laboratories in Johannesburg, South Africa or Perth, Australia.

Forward-Looking Information:

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, continuity of mineralization, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. The likelihood of future mining at the Nyanza Project is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including obtaining necessary mining and construction permits, completion of pre-feasibility and final feasibility studies, preparation of all necessary engineering for pits and processing facilities as well as receipt of significant additional financing to fund these objectives, as well as funding mine construction. Such funding may not be available to the Company on acceptable terms or on any terms at all. There is no known ore at the Nyanza Project and there is no assurance that the mineralization at the Nyanza Project will ever be classified as ore. For more information on the Company and the risk factors inherent in its business, investors should review the Company's Annual Information Form at www.sedar.com

SOURCE STOCKPORT EXPLORATION INC.