SOURCE: Hidalgo Mining International

November 20, 2007 10:50 ET

Hidalgo Mining (HMIT) Announces Equipment Purchase and Completion of AIM Due Diligence

NEW YORK, NY--(Marketwire - November 20, 2007) - Hidalgo Mining International (PINKSHEETS: HMIT), an innovative mining company headquartered in Port Washington, NY, announced today the purchase of 4 dredges. Mark Daniel Klok, President of HMIT, stated, "These 4 dredges will allow us to start production in January 2008 at an approximate rate of 120 yards per hour. While we anticipate the purchase of additional equipment, these 4 dredges alone are anticipated to yield the Company over $4 million in revenue for 2008."

Klok also announced the return of key personnel from West Africa where they completed their due diligence on the proposed AIM acquisition and began preparation of the first 20 metric tons of Tantalum for shipment and sale. He announced that HMIT and AIM are working together to prepare the equipment on location to begin operations while the stockpiled minerals are prepared for shipment and sale.

Klok further stated, "The Hidalgo/AIM team clearly has some of the most talented individuals in the industry and I look forward to closing the proposed AIM acquisition in the very near future. The HMIT/AIM team has organized, and is ready to implement, a comprehensive production plan to produce Gold and Tantalum on a commercial scale. We have also already received a purchase order for the first 20 metric ton shipment of Tantalum, which would bring the company immediate revenue and truly reflect our transition from an exploratory company to a producing company. I truly believe the management team we have in place has the necessary skills and determination it takes to build a new world-class mining company and I anticipate being able to announce additional good news in the very near future."

Hidalgo Mining International (PINKSHEETS: HMIT), an innovative mining company located in Port Washington, NY, strives to increase its shareholder value while implementing an aggressive rollup plan to achieve mining production on a global scale. HMIT's management and directors feel they have the vision, drive and experience to become a highly successful, major multi-national producing mining company.


This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect Hidalgo Mining Internationals' future.

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