SOURCE: Michigan Gold Mining Investments, Inc.

July 06, 2006 15:00 ET

Michigan Gold Mining Investments Inc. MGGV Re-Schedule Conference Call to Discuss Property Update

BAY CITY, MI -- (MARKET WIRE) -- July 6, 2006 -- Michigan Gold Mining Investments Inc. (PINKSHEETS: MGGV) will be rescheduling the conference call originally scheduled for today July 6, 2006. Management would like to discuss the aspects of the Anita Property geological reports and preliminary results.

Ben Fuschino, President, Michigan Gold Mining Investments stated, "Further details concerning this scheduled event, including the necessary investor conference call access numbers, are to be released at a later date." In the interim, the process of defining mineral reserves in the Anita Mine is underway and Michigan Gold anticipates issuing further news during the month of July which will be intended to update investors when its Geologist's geological report is completed.

About Michigan Gold Mining Investments, Inc. (PINKSHEETS: MGGV) is an American junior mineral exploration company presently in the process of developing mineral assets in North and South America. Michigan Gold Mining Investments, Inc. currently retains a one hundred percent (100%) title to a Platinum/Palladium prospect in Northern Ontario, named the 'Deadmoose Lake' property. Michigan Gold also holds an option on the Anita Mine in Peru. This mine is expected to have workable deposits of precious and industrial metals. Michigan Gold is now in the process of defining these potential deposits. Michigan Gold is committed to the accumulation and development of unhedged precious metal deposit sites in both North and South America.

The company is of the opinion that the bull market in metals is a trend that will continue over a generation. Notwithstanding, the current low levels in Global Inventory in most metals and, most importantly, longer term strategic considerations originating from high-growth oriented economies in China, India and other Eastern nations has placed extreme pressure on pricing in the metals markets. This factor, coupled with the weakness of the US Dollar due to the USA's large budget and current account deficits may support historically high dollar prices in metals for years to come.

Major metals miners have hedged most producing properties and cannot strongly benefit from rising price trends over the near term. This places junior miners in a very advantageous position. As properties are proven and production is ascertained to be feasible, the ability of Michigan Gold Mining Investments to profit from these historically high metals prices should come to fruition.

Michigan Gold Investments, Inc. (trading symbol MGGV) is listed on the OTC market and has commenced the process of becoming a full reporting US company.

Forward-Looking Statement

The information contained herein and regarding economic, competitive, governmental, technological and other factors may constitute a "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995. While the Company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein. This release contains forward-looking statements with respect to the results of operations and businesses of Michigan Gold Mining Investments, Inc., which involve risks and uncertainties. The company's actual future results could materially differ from those discussed. Risks and uncertainties of the company will be detailed from time to time in the company's periodic reports. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements, be subject to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995.

Contact Information

  • Contact information:

    Kelly Black
    Premier Media Service
    480 649-8224