SOURCE: Perihelion Global

March 27, 2008 08:00 ET

Perihelion Global Completes Storm Water Pollution Prevention Plan, Receives Storm Water Construction Permit for Patented Utah Gold Mine

WILMINGTON, DE and SANTA ROSA BEACH, FL--(Marketwire - March 27, 2008) - Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the Company has completed the required comprehensive Storm Water Pollution Prevention Plan (SWPPP) and filed for and received a Storm Water Construction Permit for use at its Patented Gold mine near the Utah/Nevada border.

State of Utah regulations require construction activity that will disturb one or more acres of land to develop a comprehensive Storm Water Pollution Prevention Plan (SWPPP) and obtain a Storm Water Permit before commencing operations. The permit is based on EPA regulations designed to control storm water and to reduce the amount of pollutants entering rivers, lakes, and streams.

With this additional permit, the Company is permitted to begin installing equipment and preparing the designated mining area for commencement of mining operations. The Company acquired the Storm Water Permit in addition to permits received for Small Mining Operations (State of Utah, received April 2007), Small Mine Reclamation (State of Utah, received April 2007), Right of Way Grant Over Federal Land (US Dept. of Interior-BLM, received June 2007), and Amended Small Mining Operations (State of Utah, received October 2007).

The Patented Gold Mine is located at high elevation and has been affected by above average seasonal snowfall limiting access during the past winter months. With spring approaching and temperatures rising, the Company anticipates resuming work at the mine to prepare for operations under the Storm Water Permit. The Company completed construction of an approximate 8,000 ft roadway over Federal Lands after receiving the Right of Way Grant from the US Dept. of Interior, Bureau of Land Management last year to allow for transportation to and from the mine over Federal Land. Successful development of the Patented Gold Mine remains a primary business objective for the Company, and management continues to believe the financial climate for metals prices will remain attractive through the development of this property.

The Company will apprise shareholders of relevant progress achieved at the Patented Mine site.

About Perihelion Global:

Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace: Technology, Energy and Communications.


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This press release contains historical information as well as forward-looking statements that are based upon our estimates and anticipation of future events that are subject to certain risks and uncertainties that could cause actual results to vary materially from the expected results described in the forward-looking statements. The words "anticipate," "believe," "estimate," "expect," "hopeful," "intend," "may," "optimistic," "preliminary," "project," "should," "will," and similar expressions are intended to identify these forward-looking statements. There are numerous important factors that could cause our actual results to differ materially from those in the forward-looking statements. Thus, sentences and phrases that we use to convey our view of future events and trends are expressly designated as Forward-Looking Statements as are sections of this news release clearly identified as giving our outlook on future business.

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-- General economic conditions, either nationally or in our market area, that are worse than expected;

-- regulatory and legislative actions or decisions that adversely affect our business plans or operations;

-- price competition;

-- inflation and changes in the securities markets that adversely affect the fair value of our operations; and

-- changes in our organization, compensation and benefit plans.

We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and wish to advise readers that the factors listed above could affect our financial performance and could cause actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. We do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Contact Information

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    John H. Beebe
    Chairman, Chief Executive Officer & President
    866-748-7610 (Toll Free)