SOURCE: Hidalgo Mining International

Hidalgo Mining International

January 29, 2010 09:25 ET

Hidalgo Mining International Inc. (HMIT) Announces the Election of William Veve as President of the Company

NEW YORK, NY--(Marketwire - January 29, 2010) - Hidalgo Mining International (PINKSHEETS: HMIT), an innovative mining company headquartered in Port Washington, N.Y., announces that Mark Daniel Klok, President of the Company, has resigned as President. Mr. Klok's resignation is effective January 29, 2010. Mr. William Veve, the Director of New Business Development for HMIT, has been elected the Company's President effective January 29, 2010. Mr. Veve will bring his experience in the areas of corporate finance and strategic planning to further the Company's success.

Mark Daniel Klok, former President of HMIT, stated, "I am very pleased that Mr. Veve has accepted his new role as President of the Company. His experience and leadership abilities will provide exceptional opportunities for the company in the future."

DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The results described herein cannot be guaranteed. 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 International Inc.'s 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 Inc. 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 Inc. undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Hidalgo Mining International Inc.'s expectations.

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