SOURCE: Wildwood Management Corp.

November 28, 2008 11:22 ET

Wildwood Management Corporation Signs Letter of Intent for Gold Mining Concession in Colombia

FARMINGTON, NM--(Marketwire - November 28, 2008) - Wildwood Management Corporation (FRANKFURT: 4IO) -- a mining exploration company -- has recently signed a Letter of Intent for a 391 hectare gold mining concession in Rivera, Tolima in Colombia. Wildwood has been evaluating the gold opportunities in Colombia and has found the country to be at the forefront with more than 4,250 gold mines and 190 platinum mines.

The mining concession in Rivera is an appealing opportunity as it is easily accessible by road and requires little development as gold is extracted from the Cucuana y Chili River and will not affect the land or water of the area. A preliminary study also shows barite and copper deposits.

Wildwood is evaluating other opportunities in the area and is in current negotiations for another gold concession that has 9,312 hectares and additional deposits of copper, barite, and uranium. Future progress on this opportunity will be announced in the near future.

About Wildwood Management Corp.

Wildwood Management Corp. is an established mining, exploration and development company. Our mission is to create shareholder value by achieving growth through robust acquisition, exploration programs and low-cost production.

Wildwood continues to maintain excellent community relations and a commitment to responsible environmental practices. The company has a strong management team and an effective board dedicated to excellence in corporate governance. We are committed to a dynamic exploration and development program.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

Contact Information

  • Contact:
    Wildwood Management Inc.
    Elizabeth F. Perez
    President - CEO
    (940) 634-0609