SOURCE: Hidalgo Mining International

Hidalgo Mining International

June 05, 2009 09:00 ET

Hidalgo Mining International (HMIT) Announces Geological Report Update

NEW YORK, NY--(Marketwire - June 5, 2009) - Hidalgo Mining International (PINKSHEETS: HMIT) (, an innovative mining company headquartered in Port Washington, N.Y., announced that the Company's new Geological Report on the Ghana Project, which has been long awaited by management, has now been completed and is being reviewed with the geologist in preparation for its results to be released to the investor community and shareholders.

Mark Daniel Klok, President of HMIT, stated, "The last remaining item pending before management announces its plans for the Ghana Property is the Legal Opinion of the Property's title, which is currently underway by legal counsel. We are very excited to move this Project forward as the Company has already been asked to entertain several deals, one of which includes selling some of our assets which would mean an immediate and sizeable return for the Company and our shareholders." Mark Daniel Klok went on to further state, "The recent positive accomplishments of the Company and the overall progress of the Company as a whole is part of the reason we launched our Global Media & Visibility Initiative, as announced the other day. We are in the process of aggressively advancing the Company and look forward to releasing our progress with the investor community."


The results described herein cannot be guaranteed. The development of any and all of the subject mining claims stated herein is contingent upon multiple high risk factors that must be successfully dealt with in order to achieve the intended results. 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. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Hidalgo Mining International to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. Hidalgo Mining International undertakes no duty to update any forward-looking statement(s) and/or to conform the statement(s) to actual results or changes in Hidalgo Mining International's expectations.

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