(Source: MARKETWIRE)

Genco Resources Ltd. (TSX: GGC) reports results for the Company's
third financial quarter ended September 30, 2009. The full version of
the financial statements and the management discussion and analysis
are available on SEDAR at www.sedar.com and on Genco's website at
www.gencoresources.com.
Genco recorded a net loss of $1,487,874 for the quarter and a net
loss of $691,956 for the nine month period ended September 30, 2009,
compared with a net loss of $894,004 and $3,202,424 for the
corresponding three and nine month periods in 2008. Expenses for the
quarter consisted mainly of general administrative costs in Canada
and Mexico, care and maintenance costs at La Guitarra Mine in Mexico,
depreciation and foreign exchange losses.
During the quarter ended September 30, 2009 Genco did not record any
production or sales at its La Guitarra Mine which remains closed as
the result of an illegal road block on the public road leading to the
mine site. Representatives of La Guitarra continue to work with state
and local officials as well as local community leaders to remove the
road block and resolve the mine access issue. Genco is confident that
access to La Guitarra will be restored and production will resume at
La Guitarra. Genco has maintained continuous security on site at La
Guitarra during the mine closure and does not believe there will be
any significant problems re-initiating production once site access is
restored.
Subsequent to September 30, 2009, Genco received notice from the
Toronto Stock Exchange that the TSX had concluded a review of Genco's
listing and determined that Genco satisfies the TSX's continued
listing requirements.
About Genco Resources Ltd.
Genco's core asset is the producing La Guitarra silver-gold mine,
located in the Temascaltepec Mining District of Mexico. La Guitarra
Mine currently consists of two underground operation centres - La
Guitarra and San Rafael - and a flotation mill with a proven capacity
of 320 tonnes per day. Genco believes significant potential exists to
expand production within the 39,714 hectares of mining concessions it
currently owns or leases in the Temascaltepec Mining District.
This news release may contain certain forward-looking statements that
involve risks and uncertainties such as statements of the Company's
plans, objectives, strategies, expectations, and intentions. The
words "may", "would", "could", "will", "intend", "plan", "believe",
"estimate", "expect" and similar expressions, as they relate to the
Company, or its management, are intended to identify such
forward-looking statements. Many factors could cause the Company's
actual results, performance or achievements to be materially
different from any future results, performance or achievements that
may be expressed or implied by such forward-looking statements,
including those factors discussed below and in filings made with the
Canadian securities regulatory authorities. Should one or more of
these risk factors or uncertainties materialize, or should
assumptions underlying the forward-looking statements prove
incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated, believed, estimated or
expected. The Company does not intend, and does not assume any
obligation to update these forward-looking statements.
The Toronto Stock Exchange has not reviewed the contents of this
release and does not accept responsibility for the accuracy of the
contents of this release.
Contacts:
Genco Resources Ltd.
Wayne Moorhouse
Chief Financial Officer
604-682-2205
604-682-2235 (FAX)
wmoorhouse@gencoresources.com
www.gencoresources.com
SOURCE: Genco Resources Ltd.
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