Cline Mining Corporation
TSX : CMK

Cline Mining Corporation

July 28, 2006 11:22 ET

Cline Uranium-Aim Reverse Take-Over

TORONTO, ONTARIO--(CCNMatthews - July 28, 2006) -

Not for distribution to U.S. newswire services or for dissemination in the United States.

Cline Mining Corporation (TSX:CMK)("CLINE") announces that it is in negotiations for the reverse take-over of a London Stock Exchange AIM listed company (the "London AIM Company").

The transaction would result in CLINE selling its 80% controlling share interest in URAMAD SA of Madagascar, the CLINE uranium exploration subsidiary, to the London AIM Company in return for a 40% share interest in London AIM Company. Under the London Stock Exchange Rules the transaction would be a reverse take-over of the London AIM Company by CLINE.

Cline Mining Corporation is a mine development company focused on the exploration and development of mine mineral resource properties. The Company owns metallurgical coal, iron-ore and uranium properties located in Canada and Madagascar. The Company website can be located at www.clinemining.com. Shares of the company trade on the Toronto Stock Exchange under the symbol CMK.

Cline Mining Corporation

"Ken Bates"

Ken Bates, President and Chief Executive Officer

Contact Information

  • Cline Mining Corporation
    Ken Bates
    CEO
    (416) 830-0709
    or
    Cline Mining Corporation
    Allan Taylor
    CFO
    (705) 560-8100
    (705) 560-8521 (FAX)
    or
    Cline Mining Corporation
    Gordon Gormley
    COO
    (604) 687-7789
    (604) 687-7765 (FAX)
    www.clinemining.com