SOURCE: Hidalgo Mining International Inc

Hidalgo Mining International Inc

June 10, 2009 09:58 ET

Hidalgo Mining International, Inc. (HMIT) Announces Release of Financial Statements for FY 2008

NEW YORK, NY--(Marketwire - June 10, 2009) - Hidalgo Mining International Inc. (www.hidalgominingint.com) (PINKSHEETS: HMIT), an innovative mining company headquartered in Port Washington, N.Y., announced today that the Company has released their financial statements for FY 2008. The consolidated financial statements have been prepared by an independent CPA Firm and reported to Pink Sheets for uploading and disclosure. The updated information is currently reflected on the Pink Sheets website, www.pinksheets.com.

HMIT is currently working towards receiving a strong opinion letter from the Company's legal counsel, which will qualify HMIT for "Current Information" status eligibility with Pink Sheets. This will represent an upward move to the second-highest level possible by Pink Sheets.

President Mark D. Klok commented, "These events mark a significant milestone in HMIT's growth as a publicly traded company, while also providing increased disclosure of management's continued efforts to build the long-term viability of the company. We are pleased that we have now taken the necessary steps to enhance our financial reporting, as well as increased transparency to our shareholders."

DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

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. 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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