SOURCE: GoldMountain Explorations

August 22, 2007 09:00 ET

GoldMountain Updates Shareholders With Corporate Update

TORONTO--(Marketwire - August 22, 2007) - GoldMountain Exploration (OTCBB: GMEX) ("GoldMountain" or the "Company") is pleased to announce that it has now completed its corporate re-branding after the name change and now with a new company website.

The new company website can be found at Included on the new site is a group of new magnetic resonance images from the Yoquivo Gold-Silver Project, Chihuahua State, Mexico.

GoldMountain has now completed its US $600,000 year 1 exploration commitment on Yoquivo with Joint Venture partner West Timmins Mining (TSX: WTM), as well as its year two property payment of $150,000. The company has committed to spending US $1,000,000 within 24 months of entering into the JV agreement, and with current results positive to date, the company is looking forward to completing the current 3000 m drill program.


GoldMountain's corporate website can be found at Details of the Yoquivo Au-Ag Property can be found under the Projects section of the website. A detailed PowerPoint presentation is also available on the company home page under the Quick Link section. Shareholders are advised to sign up to the company e-mail distribution list in order to stay up to date with company developments.

GoldMountain Explorations ("GoldMountain") (OTCBB: GMEX) is a mineral exploration company focused on Gold-Silver exploration in the Sierra Madre Occidental Gold-Silver Province of Mexico. The Sierra Madre Occidental Gold Province is the primary gold/silver trend in Mexico. GoldMountain has entered into a 50/50 joint venture with West Timmins Mining Inc on the 2500 hectare Yoquivo Au-Ag Property in the Yoquivo District, Chihuahua State, Mexico.

Forward-Looking Statements:

This press release contains forward-looking statements, particularly as related to, among other things, GoldMountain's business strategy. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, and other factors that may cause GoldMountain's actual results, performance or achievements, or developments in its industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks, uncertainties and other factors that are detailed in GoldMountain's Quarterly and Annual Reports and other documents GoldMountain files from time-to-time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. GoldMountain cautions readers not to place undue reliance on such statements. GoldMountain does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from GoldMountain's expectations and estimates.

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Contact Information

  • GoldMountain Explorations

    Adam Cegielski
    (905) 882-7044