SOURCE: Prom Resources, Inc.

August 23, 2007 15:55 ET

Prom Resources' Recent Information

MIAMI, FL--(Marketwire - August 23, 2007) - Prom Resources, Inc. (PINKSHEETS: PRMO) ("the Company") would like to recap the information that it has recently disseminated. The company is pleased to have added Mr. Gino Rasamison as Chief Mining Engineer and Mr. Manantsoa Ravony as the Company's Chief Geologist. The past assay results from grab samples from the Company's perimeters that have been sent to a recognized refinery are as follows:

Wgt. In (gms)     Used (gms)      wgt. Ret (gms)       % Au (%)
------------      ------------    -------------        -----------
8.93              0.04            8.53                 91.30

The company has moved to a new location in Madagascar (Lot logement 06 bâtiment 6 cité Ambanidia Antananarivo 101, Madagascar).

The company's perimeter portfolio is as follows:

--  64 Corundum perimeters in the Toliara province in the area of Ilaka-
    Sakaraha.
--  48 Gold /Ore Perimeters in the Toliara province in the area Ankavandra
--  80 Gold /Ore Perimeters in the Antananarivo province in the area of
    Ambohilovolovo
    

Further the company has prepared further shipments of gold-bearing material for grading and processing.

"The company reminds the investing public and other interested parties that it is prudent to read all of the official news releases issued by the company, information made available on the Prom Resources, Inc. website www.promresources.com, periodic filings and other disclosure made to the Pinksheets Electronic OTC Markets website www.pinksheets.com," said Dror Moradov, President and Director. "The Company does not validate any other forms of communication."

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