Newmex Minerals Inc.
TSX VENTURE : NMM

July 26, 2005 19:57 ET

Newmex Minerals Inc. Announces Memorandums of Understanding

CALGARY, ALBERTA--(CCNMatthews - July 26, 2005) - Newmex Minerals Inc. (the "Company" or "Newmex") (TSX VENTURE:NMM) is pleased to announce that it has entered into two initial memorandums of understanding for the acquisition of certain oil and gas interests located in the United States. The memorandums of understanding contain various conditions precedent including, completion of satisfactory legal, technical and financial due diligence and the successful negotiation of definitive agreements. Pursuant to the memorandums of understanding, Newmex may be required to pay initial refundable deposits to the various vendors in advance of entering into the definitive agreements.

Forward looking statements: This document contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this statement.

Contact Information

  • Newmex Minerals Inc.
    William Berezan
    Chief Financial Officer
    (403) 266-6364
    or
    Newmex Minerals Inc.
    Gary Guidry
    Director
    (403) 266-6364
    (403) 266-6365 (FAX)