Strategic Mining Corporation

Strategic Mining Corporation

February 11, 2011 17:00 ET

CORRECTION: Strategic Mining Corp (SMNG) Enters Formal Negotiations to Acquire Interest in Currently Producing Northern Vietnamese Gold Mine

The Company Anticipates the Dong Thanh Gold Property Could Achieve Gold Production of 20,000 Ounces Annually in the First Year Through Low-Cost Improvements in Mining Mechanization and Processing

NEW YORK, NEW YORK--(Marketwire - Feb. 11, 2011) - The following corrects and replaces the release sent at 1:42 PM ET on February 11, 2011. Incorrect spacing occurred throughout the headline and body text. The complete and corrected release follows.

Strategic Mining Corporation (OTCQB:SMNG), a gold mining company focused on production in northern Vietnam, announced today that it has entered formal negotiations with the government of Vietnam to acquire a 40% interest in the Dong Thanh gold property.

The company anticipates Dong Thanh could achieve gold production of 20,000 ounces annually in the first year through low-cost improvements in mining mechanization and processing.

This prospective acquisition is strategically aligned with the Company's business model of acquiring underperforming near-term and in-production gold properties in close proximity to one another in order to efficiently target known deposits and benefit from economies of scale.

Don Thanh is currently producing gold, but the project is underperforming due to its use of out-dated mining technologies.

The site is located just 7 kilometers north of Strategic Mining's Nat Son gold property, which is about 50 kilometers south west of Hanoi.

According to a geological report written by consulting geologist Robert Marvin, both projects are situated on the same gold-bearing trend.

"We are extremely excited to have begun formal negotiations with the Vietnamese government towards acquiring an ownership interest in Don Thanh," said Strategic Mining President Todd Sterck. "The project is already producing gold, and we expect to be able to significantly increase output though modest investments in modern technology and processes. We anticipate that our acquisition of the property will increase our company's value and raise shareholder earnings in the both short term and long term."

In early January 2011, Mr. Sterck conducted a site tour of Don Thanh at the invitation of the Vietnamese government.

About Strategic Mining Corporation (OTCQB:SMNG)

Strategic Mining intends to become the leading gold producer in northern Vietnam. Through our joint-venture partnership with Ba Dinh Minerals JSC of Ho Chi Minh City, we are privileged to have a unique relationship with the Vietnamese government. We are currently in formal negotiations with the government to acquire a 40% interest in Dong Thanh, a producing gold mine in Hoa Binh province. We estimate this mine could achieve annual gold production of approximately 20,000 ounces in the first year through low-cost improvements in mining mechanization and processing. We are in various stages of discussions to acquire other currently producing Vietnamese gold mines in the area and anticipate announcing our progress in the near future. Strategic Mining only invests in projects that are under-producing for technical reasons, but have the potential – through modernization – to deliver big, robust profits for our shareholders. Recently, in a further reflection of our strong relationship with the Vietnamese government, Strategic Mining became the first western company to receive a mining license in northern Vietnam in nearly six decades. The licence allows us to begin exploration and development of our Nat Son project, a gold property positioned on the same gold strike as Dong Thanh. We are scheduled to begin deep-hole drill exploration at Nat Son in March 2011. To find out more about us, visit

Safe Harbor

No assurance can be given that past or similar results of precious-metal mining will be indicative of future results. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding of discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financing and other risks in the company's SEC reports and filings.

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