SOURCE: Sao Luis Mining, Inc.

September 11, 2007 06:00 ET

Sao Luis Mining Meets Information and Disclosure Requirements for Pink Sheets Status Upgrade

GARDNERVILLE, NV--(Marketwire - September 11, 2007) - Sao Luis Mining, Inc. (PINKSHEETS: SAOL) (FRANKFURT: F5G) (, a diamond mining and precious metals exploration company, has filed comprehensive and detailed corporate and financial information with Pink Sheets LLC, and as a result, been upgraded to "Current Information" status.

Current Information status is part of the new categorization system that began on August 1, 2007 to alert investors about the ability and willingness of company issuers to provide adequate public disclosure in a timely manner.

In support of this initiative, Sao Luis Mining filed the operating results for the period end date of August 31, 2007; articles of incorporation; corporate bylaws; extensive company information and disclosure statements; and an attorney letter regarding current information, with Pink Sheets LLC. This information is available for review at

"Most important," says Michael J. Dillon, the Company's President and Chairman, "not only have we taken these steps to provide ongoing financial and other relevant corporate information in a complete and timely manner, but we are working with Kabani & Company, one of the nation's leading CPA/Consulting firms, to provide the independent audit of the company and advance to a higher stock exchange.

"We anticipate that these actions will begin to raise our visibility among institutional and retail investors alike, and broaden and deepen the market for our shares," concluded Mr. Dillion.

About Sao Luis Mining:

Sao Luis Mining, Inc. (PINKSHEETS: SAOL) is a "conflict free" diamond mining and precious metals exploration company. Its strategy is to acquire interests in producing mines and develop properties that have the promise to be economically viable. Sao Luis Mining has a 51% joint venture interest in Comercio e Mineracao Sao Luis Ltda., which operates two diamond properties and an existing processing plant in the Sao Luis River Basin with their joint venture partner, SL Mineradora LTDA. The operation is located in the state of Mato Grosso, which is the most productive diamond district in Brazil and responsible for 61% of all the legally mined diamonds in Brazil in 2005. Additional information, including a photo gallery and geological report, is available at the Company's website

Forward-Looking Statements:

This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, not guarantees of Sao Luis Mining, Inc.'s future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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