Report on Exploration certifies the high potential of the Miramonte Mining Miranda Alto concession in Ecuador

--------------------------------------------------------------------------------
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
--------------------------------------------------------------------------------

Zürich (euro adhoc) - Zurich, June 5th, 2008. Miramonte Mining today announced
the publishing of a report on exploration potential for the Miranda Alto
concession. The report was prepared by DUNCAN BAIN CONSULTING LTD. Duncan Bain
is an independent exploration and mining geologist from London, Ontario in
Canada.

The gold mine concession of Miramonte Mining is located in Portovelo/Zaruma in
the province of El Oro in southern Ecuador. It covers an area of 18.3 hectares
and is actively mined. In his report about the two currently active levels,
Duncan Bain gives a preliminary estimate of the gold resources in the Miranda
Alto concession. It can produce an assessed tonnage of 200,000 tonnes for each
of four veins. Current and historical assay values give an average grade of
approximately 3g/T gold for a total of approximately 2.4 million grams or 75,000
ounces. With improved mining and milling methods this resources can be taken
advantage of. Miramonte Mining could be able to mine the Miranda Alto Project up
to 1.6 million tonnes, with a grade of 10g/T gold. "This resources can produce
16 million grams of gold or 500,000 ounces in the next years", says Larry
Williams, CEO of Miramonte Mining AG.

Ten samples of typical ore were taken from veins underground and from the mill
processing this material. These samples returned values ranging from 0.14g/T to
68g/T gold. Significant lead and copper values were also noted. "Miranda Alto
has currently three active levels with an estimated strike length of the veins
of 600 m, an average width of 1.0 m and an average depth of 800 m", adds Alberto
Fierro, Managing Director of Miramonte Mining AG in Ecuador.

About Miramonte Mining AG
Miramonte Mining AG is a small cap gold mining company with increasing portfolio
of projects in Ecuador and Nicaragua. The head office of the company is located
in Zürich, Switzerland. The stocks of Miramonte Mining are listed in the Open
Market in Frankfurt (ISIN CH0028351796 / WKN A0MMH6)

Further inquiry note:
Contact
Miramonte Mining AG fr financial relations gmbh
Tel +41 (0)43 500 16 23 Michael Goliath
Fax +41 (0)43 500 16 24 Tel +49 (0)69 95 90 83 12
E-Mail: [email protected] Fax +49 (0)69 95 90 83 99
www.miramontemining.com E-Mail: [email protected]

end of announcement euro adhoc
--------------------------------------------------------------------------------

emitter: Miramonte Mining AG
Bellerivestrasse 28
CH-8008 Zürich
phone: +41 (0)43 500 16 23
FAX: +41 (0)43 500 16 24
mail: [email protected]
WWW: www.miramontemining.com
sector: Metals & Minerals
ISIN: CH0028351796
indexes:
stockmarkets: Open Market / Entry Standard: Börse Frankfurt
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | CNE

print