SOURCE: Global Developments, Inc

February 07, 2007 11:50 ET

GLOBAL INVESTMENT UPDATE: Aurelio Expands Copper Zone With Property Acquisition From Newmont Mining

VANCOUVER, BC -- (MARKET WIRE) -- February 7, 2007 -- Global Developments, Inc. (PINKSHEETS: GDVM), a publicly traded venture capital company, is pleased to provide the following update with respect to Aurelio Resource Corporation, a mineral exploration company in which Global holds an equity stake.

Nineteen New Claims Staked

LITTLETON, CO -- Aurelio Resource Corporation (OTCBB: AULO - News) is pleased to announce that it has reached an agreement in principle with Newmont Mining Corporation to purchase two of its patented mineral claims. These claims, known as the Banner claim and the Australia claim, are adjacent to Aurelio's 13 MAN claims in Arizona and allow Aurelio to further expand the Hill Copper Project, and its copper and zinc zone. Newmont has agreed to a purchase price of $100,000 U.S. and Aurelio agreed to give a 1% Net Smelter Returns Royalty on the patented claims as well as any properties Aurelio currently owns or acquires within a designated Area of Interest. In addition, Aurelio has given Newmont a Right of First Offer with respect to any option, joint venture, sale or any other disposition of property by Aurelio to a third party.

Aurelio has also acquired an extensive exploration file of the Courtland Gleeson Mining District, Cochise County, Arizona, where the Hill Copper Project is located, including the logs and assay results of 274 holes, drilled by ten different companies between the 1950s to the late 1980s. These companies include Santa Fe Mining, Asarco Mining, Kennecott Copper, Union Oil, and Great Gray Resources. This database provides confirmation of Aurelio's calculated mineral resources as well as identifies at least eight additional copper- and zinc-rich exploration targets within the company's Hill Copper Project.

In addition, the company announces that it has staked 19 new unpatented claims around the initial 13 MAN claims, including the area between the recently purchased Courtland claims and the MAN claims. This is an important event for the company as it further consolidates its land position in the Hill Copper Project area. These new claims now provide for a contiguous area of patented and unpatented claims. Aurelio now owns a total of 32 unpatented claims in the Courtland area.

These events are significant to the company, which is expanding its approximately 790 million pounds of contained copper resource and is moving towards its goal of becoming a mid-tier copper (and zinc) producer.

About Aurelio Resources

Aurelio Resources is a publicly traded mineral exploration company whose objective is to become a mid-tier producing company by focusing to acquire, explore and develop mineral properties. In addition to the Company's present portfolio, only advanced stage projects will be considered for acquisition. Target sizes of future acquisition are focused only on projects with 'world-class' deposit potential of > 1 million oz. Au, > 50 million oz. Ag or 0.5 billion lb. Cu. For more information, please visit their website at

About Global Developments

Global Developments, Inc. is a publicly traded venture capital company. It was formed to create a unique investment vehicle representing a growing portfolio of innovative and emerging growth-oriented companies. Global acquires its portfolio companies either as wholly or partially owned subsidiaries, or as an investment where Global is the lead investor. As a result, Global maintains substantial management and operational control, thereby giving it the ability to provide significant oversight and guidance in building value and creating liquidity events for its shareholders. Global invests in companies with solid management, operational excellence, and the potential to grow substantial revenue streams.

Please visit for more information.

Forward-Looking Statements

You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Global Developments, Inc. please refer to its Web site at

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