Capital Gold Mining Resources Inc.

May 20, 2011 12:30 ET

Capital Gold Mining Resources Inc. Completes Two Gold Acquisitions

MIAMI, FLORIDA--(Marketwire - May 20, 2011) - Mr. Charles W. Gilmore C.E.O. and President of Capital Gold Mining Resources Inc., is pleased to announce that the Company has acquired the rights to both the San Rafael Gold Mine as well as the La Fortuna Gold Mine located in Colombia.

"We are thrilled to announce the final securing of both properties and details of the exploration program will be announced in the very near future. This is the first step in seeing to the creation of what we hope will be a solid and profitable junior mining company", stated Mr. Gilmore.

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This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Capital Gold Mining Resources Inc. with members of its management team as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

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