Magdalena Borate Project Update

Bacanora Minerals Ltd.

("Bacanora" or the "Company")

Magdalena Borate Project Update

Bacanora is pleased to provide an update on progress with activities underway for the purpose of advancing the Magdalena Borate Project toward feasibility of boric acid production. The Company has retained the services of Process Engineering LLC to design a plant capable of producing up to 25,000 tonnes of boric acid per year from borate minerals to be mined from the El Cajon deposit. The Company also continues performing metallurgical tests in order to refine and optimise the boric acid production at pilot scale.

Further steps for the pre-feasibility programme consist of:

1. Infill diamond drilling and bulk sampling for metallurgical tests of Unit B; 

2. Detailed full-scale boric acid plant design and costing;

3. Revised mine plan; and

4. Initiation of environmental baseline studies and mine permitting.

 The pre-feasibility studies are expected to be completed during Q1 2015.

Martin Vidal, President of Bacanora, commented:

"Following the strategic shift from lower value colemanite concentrate production,we are very pleased with the work performed and results obtained in our boric acid pilot plant, resulting in the continuous and systematic production of high purity boric acid. The Company is advancing the project through the pre-feasibility stage by completing engineering design work, updating the mine plan and obtaining necessary capital and operating cost data for the pre-feasibility report which we expect to be completed in Q1 2015".

About the El Cajon Borate Deposit:

The El Cajon deposit is the most advanced of several borate targets within the Magdalena Borate Project. Concessions constituting the Magdalena Borate Project are 100 per cent. owned by Bacanora's wholly-owned subsidiary, Minera Sonora Borax S.A. de C.V. The project has NI 43-101 compliant drilled indicated borate resources of 11 million tonnes averaging 10.6 per cent. B2O3 in three units from which metallurgical test work has demonstrated, on a pilot plant scale, that boric acid is recoverable.

Carl G. Verley, P.Geo. is the Qualified Person pursuant to National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the AIM Note for Mining and Oil and Gas Companies that has reviewed and approved the technical contents of this news release.

ABOUT BACANORA:

Bacanora Minerals Ltd. is a Canadian and London listed junior minerals explorer (TSX-V: BCN and AIM: BCN), whose projects are located in the northern Mexican state of Sonora. The Company's focus is on demonstrating feasibility of its lithium and borate deposits.