HMZ Metals Inc.

HMZ Metals Inc.

October 18, 2007 18:02 ET

HMZ Provides Corporate Update

TORONTO, ONTARIO--(Marketwire - Oct. 18, 2007) - HMZ Metals Inc. ("HMZ" or the "Company") (TSX:HMZ) provides its bi-weekly update pursuant to the Management Cease Trade Order announced April 18, 2006.

The Company announces significant progress is being made in finalizing the Company's audited financial statements for the year ended December 31, 2005. The target date for filing same is early November 2007. The Company expects to be in a position to file the remaining outstanding financial statements as soon as practical thereafter.

Previously announced legal and other initiatives regarding the Company's Chinese joint venture interest are on-going; the Company is confident of a favorable resolution. Data review and preliminary negotiations associated with additional new potential projects both inside and outside of China, continue.

Contact Information

  • HMZ Metals Inc.
    Kerry Smith
    (416) 214-3270 ext 222
    (416) 214-3276 (FAX)