SOURCE: Prom Resources, Inc.

August 20, 2007 08:00 ET

Prom Resources Appoints Chief Mining Engineering Consultant

MIAMI, FL--(Marketwire - August 20, 2007) - Prom Resources, Inc. (PINKSHEETS: PRMO) ("the Company") is pleased to announce that is has appointed Mr. RASAMISON Gino as its Chief mining engineering consultant.

Mr. RASAMISON Gino was consulting to the United Nations organization of Industrial Development in the late 80s and early 90s. He then joined Mr. Moradov as a member of his first exploration team and later was responsible for the design and work in Prom Resources' open pit sapphire mine in the late 90s.

Mr. RASAMISON Gino resigned his position in Prom Resources after the regime change in Madagascar when he ran for election and became the Mayor of the rural community of Bemasoandro (a suburb of the Capital city Antananarivo).

"We welcome back Mr. RASAMISON, and his political and industrial development expertise will be a valuable addition to the success of the Prom Resources project," said Dror Moradov, President of Prom Resources, Inc. "His role will be to consult on the 2nd phase of the business plan as Chief Mining Engineer."

About Prom Resources, Inc.

Prom Resources, Inc. is currently engaged in the active exploration and extraction of gold ore and corundum material at different mining and exploration perimeters in the Republic of Madagascar. For further information please visit our website at www.promresources.com or email us at info@promresources.com.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of Prom Resources, Inc. and its subsidiaries (hereafter collectively referred to as "the Company," "we," "our" or "us") to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. The words or phrases "would be," "may allow," "intends to," "may likely," "are expected to," "may continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Such statements include those concerning our expected financial performance, our corporate strategy and operational plans. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties, including: (a) not being able to discover any material economically feasible to mine; (b) whether we are able to manage our planned growth efficiently, including whether our management will be able to identify, hire, train, retrain, motivate, and manage required personnel or that management will be able to manage and exploit existing and potential market opportunities successfully; (c) whether we are able to generate sufficient revenues or obtain financing to sustain and grow our operations. Prom Resources, Inc.'s plans, as reflected above, should not be construed by any means whatsoever as a reflection of the Company's future stock price or future financial results.

Contact Information

  • Contact:
    Dror Moradov
    President
    Telephone number: 954-697-2199
    Email: Email Contact