SOURCE: Dicut, Inc.

June 12, 2007 09:20 ET

DICUT, INC.'S (DCUT) Gold Mining Royalties

BRADENTON, FL--(Marketwire - June 12, 2007) - Dicut, Inc., a Delaware corporation (PINKSHEETS: DCUT), announced today that it has entered into a non-binding letter of intent to purchase the War Eagle Mountain mineral royalty assets of Laoshan Group, LLC, of Cheyenne, WY.

The assets which are the subject of the letter of intent are a portfolio of royalties on gold and silver extracted from War Eagle Mountain, located the Silver City Mining District, south of Boise, Idaho. The properties included within the royalty portfolio are adjacent to the open-pit gold and silver mines of DeLamar Mountain and Florida Mountain, each owned by Kinross Gold Co., a New York Stock Exchange company.

"We expect that Laoshan's portfolio of royalties will give Dicut, Inc. the opportunity to participate in the precious metals market over the coming decade. We look forward to completing our due diligence with respect to the acquisition and adding this portfolio to our other business holdings," said Pierre Quilliam, President of Dicut, Inc. "With our planned name change to Dicut Holdings, Inc., and our anticipated recapitalization, we intend to put Dicut in a position to move forward on additional royalty purchases throughout North America."

Upon the consummation of the acquisition of Laoshan's mineral royalties, Dicut, Inc. intends to position itself as a mineral royalty holding company specializing in gold and silver properties. The Company presently intends to purchase additional mineral royalties on established properties in North America, with the intent of re-selling these royalties or holding them for income.

For further information about this release, contact YES INTERNATIONAL, Investor Information, #757-306-6090.

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. In this press release, words "anticipate," "believe" "estimate," "intend," "expect," or similar expression is intended to identify forward-looking statements. Forward-looking statements include, without limitation, statements regarding DCUT's strategy, future expectations, officer opinions, future expenses or income potential, future liquidity and capital resources. All forward-looking statements in press release are based upon information available to DCUT, the date of this press release, and Company assumes no obligation to update any forward-looking statements. Company's actual results, expectations of future results, or future plans and actions could differ materially from this press release.

Contact Information

  • For further information about this release, contact
    YES INTERNATIONAL
    Investor Information
    757-306-6090