SOURCE: Hidalgo Mining International Inc.

February 01, 2010 08:00 ET

Hidalgo Mining International Inc. (HMIT) Announces Statement From Newly Elected President

NEW YORK, NY--(Marketwire - February 1, 2010) - Hidalgo Mining International (PINKSHEETS: HMIT), an innovative mining company headquartered in Port Washington, N.Y., announces statement from its elected president, Mr. William Veve.

Mr. Veve, the newly elected President of Hidalgo, has stated, "During the first several months as President, I'm planning to increase shareholder value by introducing new opportunities, personal resources in the multi-media and marketing sector to bring additional needed exposure to the company. This basic course of action will optimize the current strengths of the company as we evaluate new business opportunities now and in the future."


The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect Hidalgo Mining International Inc.'s future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Hidalgo Mining International Inc. to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. Hidalgo Mining International Inc. undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Hidalgo Mining International Inc.'s expectations.

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