Nayarit Gold Corp.

March 05, 2008 09:00 ET

CCM Research Issues Technical Research Report on Nayarit Gold Corp.

TORONTO, ONTARIO--(Marketwire - March 5, 2008) - CCM Research Chief Technical Analyst, Jason Suttmeier, has written a technical research report on Nayarit Gold Corp. (TSX VENTURE:NYG)(PINK SHEETS:NYRTF).

Nayarit Gold Inc. (TSX VENTURE:NYG)(PINK SHEETS:NYRTF) is a Canadian gold and silver exploration company formed in May, 2005. The Company controls over 102,000 hectares of mining concessions, known as the Orion Project, in the State of Nayarit, Mexico. Management's strategy is to build Nayarit Gold Inc. into a profitable resource company and maximize shareholder value through exploration of its high quality mining properties in the State of Nayarit, Mexico.

In the report the analyst states:

"The weekly cycle shifted to positive on Friday's close and remains positive on weekly closes above the 5- week modified moving average at 0.459, which keeps the focus on the 50- weekly moving average at 0.658."

"Weekly supports are shown at 0.426 / 0.361 with quarterly resistances at 1.062 / 1.131. The 200- day moving average provides resistance at 0.633."

A free copy of the report can be found at

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Cronus Capital Markets, Inc., through its CCM Consulting division, entered into a one year $45,000.00 contract with the company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies including share illiquidity and stagnant market capitalization.

Cronus Capital Markets (CCM) is a global investment information firm who strategically produces and introduces, through various forms of analytics and worldwide distribution, information on equity market opportunities. CCM's equity indexes receive international attention and represent important new benchmarks of growth.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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