SOURCE: Perihelion Global

March 06, 2007 10:15 ET

Perihelion Global Files Additional Mining Claims on Land Surrounding Patented Gold Mine

WILMINGTON, DE and SALT LAKE CITY, UT -- (MARKET WIRE) -- March 6, 2007 -- Perihelion Global (PINKSHEETS: PHGI) announced that the corporation has filed mining claims on an additional 60 acres of land surrounding the company's Patent Claim #5797 located in Box Elder County, Utah. The 60 acres of claims have been accepted and filed with the US Department of Interior BLM and recorded in Box Elder County, Utah. Patent Claim #5797 has been assayed in separate geological reports to have 1,277,950 oz of Gold deposits, currently worth more than $823 Million US ($823,000,000.00).

The 60 acres are in addition to the 800 acres of mining claims the company successfully filed for in November 2006 that surround Patent Claim #5797. Patent Claim # 5797 and the surrounding claims on 860 acres are located in Box Elder County, Utah, Township 6N Range 19W approximately 8 miles east of Montello, Nevada in the Lucin Mining District in the West Salt Lake Base.

"We are extremely pleased to secure additional mining rights in the lands surrounding Patent Claim #5797, which we strongly believe has the potential of containing like quantities of Gold, Silver and Copper as our Patent Claim," said John H. Beebe, Chairman, Chief Executive Officer and President of Perihelion Global.

The company also wishes to announce an update on the status of the small scale mining permit which was filed previously. Stated Beebe, "While the process has been extensive, we anticipate that we will be granted approval from the State of Utah, Division of Oil, Mining and Gas on our mining permit at any time. We are very excited to begin work on this property, and believe it will offer significant value to our shareholders."

About Perihelion Global:

Perihelion Global focuses on the acquisition, development and management of technologies and strategic commodity reserves in the energy, natural resource and advanced communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century in environments that are mission critical in the global marketplace. For more information, visit:

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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.
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Contact Information

  • Contact:
    John H. Beebe
    Chairman, Chief Executive Officer & President
    Perihelion Global
    866-748-7610 (Toll Free) x 719