SOURCE: Siguiri Basin Mining, Inc.

June 06, 2007 11:28 ET

Siguiri Basin Mining, Inc. (PINKSHEETS: SBMI): Consolidated Mining and Minerals Has Entered Engagement With Brean Murray, Carret & Co., LLC

CORAL GABLES, FL--(Marketwire - June 6, 2007) - Siguiri Basin Mining, Inc. (PINKSHEETS: SBMI) -- SBMI joint venture partner Consolidated Mining and Minerals Inc. www.consolidatedmining.com has announced that the company is currently under a financial advisory engagement with Brean Murray, Carret & Co., LLC (www.bmur.com). Brean Murray, Carret & Co., LLC has served growth companies and investors for over three decades. They are a full service, research-driven securities firm, dedicated to delivering the highest quality investment banking services and investment ideas to their clients. CMM is working closely with the Managing Director of Mining Finance to review the proposed business relationship with Hidalgo Mining International. BMUR services include equity research, investment banking, institutional sales and trading, syndicate, and asset management. Their clients include institutional investors, high net worth individuals and corporations that use Brean Murray, Carret & Co.'s capital markets services to take advantage of compelling market opportunities. Additionally Mr. Klok has stated that, "The company has visited with two additional Investment Banking firms in New York City that have expressed a strong interest in potentially forming a syndicate to facilitate transactions as a group and plan out the growth path for the company." CMM CEO Mark Klok will be conferencing with management of SBMI next week as to how a potential transaction can mutually benefit all parties.

Siguiri Basin Mining, Inc. (PINKSHEETS: SBMI) is a mineral exploration and development company focused on achieving producer status. The Company is currently in a joint venture with Consolidated Mining & Minerals Inc. and targets are precious metal properties in stable countries within opportunity rich West Africa, Central and South America with near term production capabilities. www.sbmining.com

The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contains statements that are forward looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statement.

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