SOURCE: Mexus Gold US

April 12, 2010 09:30 ET

Mexus Gold US to Commence Recovery Operations

CARSON CITY, NV--(Marketwire - April 12, 2010) -  Mexus Gold US (OTCBB: MXSG) is proud to announce that it has received the green light to retrieve submarine cable in the Pacific Ocean. In January 2010, Mexus Gold US acquired the rights to salvage submarine cable from Universal Systems, Inc. and it is expected that recovery operations will commence in June of this year.

Paul Thompson, President - CEO of Mexus Gold, stated, "We are very excited about the recovery salvage rights for the submarine cable. This is the first step in operational revenue growth." He went on to state, "In addition to acquiring the salvage rights, we have brought on the proper management team to successfully commence operations in Alaska."

Mexus Gold US Cable Salvage
Mexus Gold US announces Mr. Ken Setters has joined the Company as head of the submarine cable salvage project. Since September 2009, Ken has been locating and verifying the extent of the submarine cable. It is through Ken's hard work and persistence that the Company is now in a position to move forward with designing and purchasing the special equipment required for this endeavor. Initial operations will begin in Alaska with Phase 2 extending south to Seattle, Washington and a third phase is planned for recovery of cable from Seattle, Washington to San Diego, California.

Mexus Gold US is presently negotiating with a group from China which has shown significant interest in participating in the project as well as purchasing the salvaged metals.

Mexus Gold US Retains Project Manager for Operations in Mexico
Mexus Gold US is also pleased to announce Mr. Ray Rust has joined the Company as project manager for the operations conducted by Mexus Gold Mining D.A. de C.V. in Mexico. Ray comes to Mexus Gold US with 34 years' experience with one of California's premier construction companies. Ray's years of experience in crushing and producing aggregate, along with road and site development, and other related earth work in combination with his ability to manage people, equipment and resources will be of great value to the Mexus Gold US team.

Forward looking Statement:

Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.

For further information see www.mexusgoldus.com

Contact Information

  • Contact:
    Paul Thompson (775)721-9960