SOURCE: Perihelion Global

June 07, 2007 14:08 ET

Perihelion Global Receives Federal Land Right of Way and Access Road Permits From US Dept of Interior, Bureau of Land Management

WILMINGTON, DE and SANTA ROSA BEACH, FL--(Marketwire - June 7, 2007) - Perihelion Global (PINKSHEETS: PHGI), a development company with interests in natural resources, alternative energies, and advanced communications, today announced that the company has officially received right of way and access road permits on federal land from the United States Department of Interior, Bureau of Land Management. These critical permits will allow the company to have full right of way, operate, lease and maintain an access road across approximately 8,000 feet of federal land to its Patented Gold Mine #5797 on the Utah/Nevada border.

Specifically, the company has been granted a right of way to maintain and operate a road access of approximately 6,300 feet of existing roadway on federal land, with permission to construct, operate and maintain a 1,650ft access road extension on federal land. This will enable direct transportation to and from the company's Patented Gold Mine and the additional surrounding mining claims owned by Perihelion Global. The permits are valid through December 31, 2012.

The company has already paid in full all surety, impact and reclamation fees to the US Dept of Interior and the lease payment for the use of the access road.

The company is slated to have crews working on the construction of the access road starting Friday, June 8, 2007. The company believes the process to maintain the existing 6,300ft access road and construction of the new 1,650ft extension will take approximately 4-6 weeks, weather permitting, at which point the company can begin its first small scale mining operations and transforming itself into a revenue-producing entity.

The company has previously been issued a small mining permit for its Patented Gold Mine by the State of Utah, Division of Oil, Gas & Mining contingent on receiving the federal land right of way from the US Department of Interior, Bureau of Land Management. The company plans to have the permits uploaded to the Pink Sheets site for public review within 24-48 hours.

You can view additional company documentation at:

http://www.pinksheets.com/quote/finance.jsp?symbol=PHGI

Perihelion Global Chairman, Chief Executive Officer, and President, John H. Beebe, commented, "We're very pleased with receipt of the right of way and access road permits as this was a crucial step to realizing revenue from the mine. In anticipation of permits being granted, we have already contracted construction crews to grade and construct the access road necessary and they are expected to begin work tomorrow. We remain absolutely committed to a significant return on the company's investment in this property. As always, we will continue to update shareholders and provide relevant documentation every step of the way."

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.

Website: http://www.perihelion.com

Caution Regarding Forward-Looking Statements

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.

These forward-looking statements are subject to significant risks, assumptions and uncertainties, including, among other things, the following important factors that could affect the actual outcome of future events:

--  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

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