SOURCE: Gold Mountain Explorations

June 05, 2007 09:00 ET

Konigsberg Shareholders Approve Corporate Name Change to Gold Mountain Explorations

TORONTO--(Marketwire - June 5, 2007) - Konigsberg Corporation (OTCBB: KGBC) (FRANKFURT: F2C) ("Konigsberg" or the "Company") is pleased to announce that at the annual meeting held on May 11, 2007, the shareholders of the company approved a corporate name change to Gold Mountain Explorations.

The company is now trading under the ticker symbol "GMEX," as the change is now in effect. With progress ongoing on the Yoquivo Au-Ag Project, and the drilling assay results expected shortly, a re-branding of the company is now being completed, commented President & CEO Adam Cegielski. "The new name, Gold Mountain Explorations, will better reflect the project we are focused on in Chihuahua State, Mexico."

ABOUT THE COMPANY

Gold Mountain's corporate website can be found at www.KonigsbergCorp.com. Details of the Yoquivo Au-Ag Property can be found under the Projects section of the website. A detailed PowerPoint presentation is also available on the company home page under the Quick Link section. Shareholders are advised to sign up to the company e-mail distribution list in order to stay up to date with company developments.

Gold Mountain Explorations ("Gold Mountain") (OTCBB: GMEX) is a mineral exploration company focused on Gold-Silver exploration in the Sierra Madre Occidental Gold-Silver Province of Mexico. The Sierra Madre Occidental Gold Province is the primary gold/silver trend in Mexico. Gold Mountain has entered into a 50/50 joint venture with West Timmins Mining Inc. on the 2500 hectare Yoquivo Au-Ag Property in the Yoquivo District, Chihuahua State, Mexico.

Forward-Looking Statements:

This press release contains forward-looking statements, particularly as related to, among other things, Gold Mountain's business strategy. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, and other factors that may cause Gold Mountain's actual results, performance or achievements, or developments in its industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks, uncertainties and other factors that are detailed in Gold Mountain's Quarterly and Annual Reports and other documents Gold Mountain files from time-to-time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Gold Mountain cautions readers not to place undue reliance on such statements. Gold Mountain does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from Gold Mountain's expectations and estimates.

NR 07-07

Contact Information

  • Gold Mountain Explorations
    Adam Cegielski
    President
    (905) 882-7044