SOURCE: IO Circuit

September 24, 2006 23:45 ET

(OTC PK: SAOL) Receives Permit to Begin Diamond Mining

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA -- (MARKET WIRE) -- September 24, 2006 -- Sao Luis Mining, Inc. (PINKSHEETS: SAOL), a diamond mining and precious metals exploration company, announced today that it has received the Guia de Utilizacao Permit from Brazil's Department of National Mineral Production (DNPM) allowing the Company to commence mining operations on its Property 117. The Company will process an 18,000 cubic meter bulk sampling along with a comprehensive drilling and delineation program to further define the extent of the resources on Property 117.

Sao Luis Mining President and Board Chairman, Jack Lake, says, "We anticipate results similar to Property 231 which is located adjacent to Property 117. To date Property 231 has produced over 175,000 carats of diamonds since 2000 and delineated over 12,695,000 carats of diamonds. We are excited about the potential of Property 117 since all indications are that it should prove to be extremely productive."

To read the complete release, go to

For a Free Newsletter, go to

Other active stocks are Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX), Broadwing Corporation (NASDAQ: BWNG) and Focus Media Holding Limited (NASDAQ: FMCN).

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid $500.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.

Contact Information