Concerned Shareholders Remind Shareholders to Vote Their Blue Proxies on or Before 2PM (Pacific Time) on Thursday, October 11, 2012

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 10, 2012) - The Concerned Shareholders of Mosquito Consolidated Gold Mines Limited ("Mosquito") sincerely thank Mosquito shareholders for the strong support they've received to date, and remind those shareholders who have not yet voted to vote the BLUE proxy no later than October 11, 2012 at 2:00 pm (Pacific Time), in advance of the proxy voting deadline. Every vote is very important to the future of your investment in Mosquito no matter how many or how few shares you may own.

The Concerned Shareholders are pleased to report that StockAnalytical, an independent investment research firm, in a recent research report has provided strong support for the Concerned Shareholders. It has provided a "recommendation…for hard work, honesty, integrity and a serious opportunity for a moon shot - which in our independent and considered opinion is for all shareholders to VOTE BLUE."

The Concerned Shareholders request that Mosquito shareholders continue to disregard the scare tactics and false and misleading information being communicated by Brian McClay and Mosquito's management in their desperate attempt to retain control. Their latest tactic has been to intimidate shareholders by stating that Mr. Fu is "trying to take control of the Company". This is unfounded - management has omitted referring to applicable Canadian securities laws, as well as the policies of the TSX Venture Exchange and the Toronto Stock Exchange, which regulate the acquisition of control blocks (ie. 20% or greater) of reporting issuers such as Mosquito and which would enable shareholders to get their say, either by way of the ability to accept or reject a formal takeover bid, or by minority shareholder approval at a shareholders meeting, before any takeover of Mosquito could occur. Management's use of misleading tactics and their other questionable actions during the past few years and during this proxy solicitation period have, in the view of the Concerned Shareholders, clearly justified their replacement with a new slate of experienced and well-qualified directors whose interests are fully aligned with shareholders and a new management team ready and able to immediately begin executing the plan of the Concerned Shareholders to advance the CuMo Project and thereby work towards restoring shareholder value.

Please refer to the information circular of the Concerned Shareholders dated September 19, 2012, the letter to Mosquito shareholders dated October 1, 2012, and the news releases of the Concerned Shareholders dated September 20 and 24 and October 3 and 5, 2012 for details of some of the serious concerns that have caused them to try to effect change at Mosquito. Copies of these documents can be found at www.msqconcern.com and on www.SEDAR.com.

The Concerned Shareholders sincerely thank shareholders for their tremendous support in effecting needed change at Mosquito.

IMPORTANT INFORMATION

If you have already voted the BLUE proxy, you do not need to do anything further and we thank you for your support.

If you have yet to vote or want to change your vote and support the Concerned Shareholders, we ask that you do so as soon as possible using the BLUE proxy or voting instruction form. To help ensure your vote is received in time, we encourage you to use either the Internet or fax Option.

In order to be deposited with Mosquito's registrar and transfer agent in time to be used at the Meeting, your BLUE PROXY must be received by the Concerned Shareholders' proxy solicitation agent, Laurel Hill Advisory Group, prior to 2 p.m. (Pacific time) on October 11, 2012.

If you require assistance with voting, please direct your questions to Laurel Hill Advisory Group at Toll Free: 1 877 452 7184 (1-416-304-0211 Collect) or by email at assistance@laurelhill.com.

Also visit www.msqconcern.com for reasons to vote for change.