SOURCE: Prom Resources, Inc.

October 03, 2007 10:28 ET

Prom Resources, Inc. Completes Economic Assessment

MIAMI, FL--(Marketwire - October 3, 2007) - Prom Resources, Inc. (PINKSHEETS: PRMO) ("the Company") -- After a preliminary economic assessment the company is pleased to announce that it will now resume shipments of gold bearing ore at the rate of 50 kilos per week (one kilo is equivalent to 32.15 troy ounces).

"Standard Bank metals analyst Walter De Wet (who can be read at http://www.thebulliondesk.com) has been bullish on Gold, as are other analysts in the community who have call for an $800.00 price on Gold," said Dror Moradov, President of Prom Resources, Inc. "We are pleased at the continued increase in gold prices, and expect that the increases in estimated proceeds from sales of material will further finance future operations, shipments and working capital."

About Prom Resources, Inc.

For further information please visit our website at www.promresources.com or email us at info@promresources.com

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of Prom Resources, Inc. and its subsidiaries (hereafter collectively referred to as "the Company," "we," "our" or "us") to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. The words or phrases "would be," "may allow," "intends to," "may likely," "are expected to," "may continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Such statements include those concerning our expected financial performance, our corporate strategy and operational plans. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties, including: (a) not being able to discover any material economically feasible to mine; (b) whether we are able to manage our planned growth efficiently, including whether our management will be able to identify, hire, train, retrain, motivate, and manage required personnel or that management will be able to manage and exploit existing and potential market opportunities successfully; (c) whether we are able to generate sufficient revenues or obtain financing to sustain and grow our operations. Prom Resources, Inc.'s plans, as reflected above, should not be construed by any means whatsoever as a reflection of the Company's future stock price or future financial results.

Contact Information

  • Investor Relations contact:
    Dror Moradov
    President
    Telephone number: 954-697-2199