SOURCE: M45 Mining Resources Inc.

October 16, 2008 08:30 ET

M45 Mining Resources Announces Corporate Restructuring and Possible Resignation

NEW YORK, NY--(Marketwire - October 16, 2008) - M45 Mining Resources today announced that following a review of its functions and goals, M45 Mining Resources (PINKSHEETS: MRES) has announced a significant restructuring of the company and its assets to increase shareholder value. The Board of Directors has designed a growth orientated plan with the purpose of improving the long-term success and profitability of the Company as well as shareholder equity. M45 Mining Resources is constantly seeking new investment opportunities to strengthen the company's strong asset base and diversify its portfolio amidst the current market environment. Negotiations have begun this past Monday, the 13th of October, 2008 with a new Financial News Dot Com Network. M45 Mining Resources' Board of Directors believes that the increased interest in financial markets and news these past months creates a great opportunity for this type of activity.

Mr. Andrea Cortellazzi, CEO, stated that "The time has come for me to step down and remove myself from the company."

Forward-Looking Statement:

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results.

Contact Information

  • MRES CONTACT NUMBER:
    M45 Mining Resources Inc.
    (516) 596-8976