Nayarit Gold Inc.

January 14, 2008 15:27 ET

CCM Research Issues Technical Research Report on Nayarit Gold, Inc.

TORONTO, ONTARIO--(Marketwire - Jan. 14, 2008) - CCM Research Chief Technical Analyst, Jason Suttmeier, has written a technical research report on Nayarit Gold, Inc.

Nayarit Gold Inc. (TSX VENTURE:NYG) is a Canadian gold and silver exploration company formed in May, 2005. The Company controls over 102,000 hectares of mining concessions in the State of Nayarit, Mexico. Management's strategy is to build Nayarit Gold Inc. into a profitable resource company and maximize shareholder value through exploration of its high quality mining properties in the State of Nayarit, Mexico. The Company is committed to working with the government and people of Mexico to achieve a modern and sustainable mining region. The Company follows best practices in health and safety, environmental and community engagement.
In the report the analyst states, "The weekly cycle is technically positive and remains positive on weekly closes above the 5- week modified moving average at 0.506, which keeps the focus on the 21- week moving average at 0.578."

The analyst continues, "A weekly close above the 50- week moving average at 0.697 will shift the focus to quarterly resistance at 1.130. I show weekly support at 0.320, this week."

A free copy of the report can be found at

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Cronus Capital Markets, Inc., through its CCM Consulting division, entered into a one year $45,000 contract with the company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies including share illiquidity and stagnant market presence.

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The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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