June 27, 2008 13:41 ET

eResearch Issues Initiating Report on Mosquito Consolidated Gold Mines

TORONTO, ONTARIO--(Marketwire - June 27, 2008) - Mosquito Consolidated Gold Mines Ltd., which is based in Vancouver, BC, has four molybdenum projects in the USA, including the CUMO project in Idaho - considered to be the largest, un-mined, open-pit, accessible molybdenum deposit in the world. The Company also has significant gold projects in historically prolific regions in B.C., Ontario and Nevada, and a substantial copper-gold project in Queensland, Australia.

Highlights from the report include the following:

- Over $8 million in capex committed to date, largely on the CUMO (Idaho) and Pine Tree (Nevada) projects - the focus for the next five years.

- CUMO property estimated to have a 40-year mine life at 150,000 tonnes per day, with expected metal recovery of molybdenum 90%, copper 60%, and silver 50%.

- NI 43-101 resource calculation (molybdenum) on Pine Tree property scheduled for late 2008 - expected to indicate 400-500 million tonnes.

- Feasibility studies for both CUMO and Pine Tree expected in 2010, with production expected three years later.

- Recommendation is Speculative Buy and the shares are suitable for higher-risk investors.

- Our one-year Target Price is $3.60 and our three-year price objective is $6.00.

This Press Release was prepared by eResearch and was not vetted by Mosquito Consolidated Gold Mines Ltd. Further, the Recommendation and Target Prices contained in this Press Release and in the Initiating Report are strictly those of eResearch and, due to securities laws, are not endorsed by Mosquito Consolidated Gold Mines Ltd.

eResearch is a primary source for professional investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive electronic distribution network.

Mosquito Consolidated Gold Mines Ltd. paid eResearch a fee of $20,000 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

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