SOURCE: Sarissa Resources, Inc.

March 08, 2007 08:31 ET

Sarissa Resources, Inc. Stakes New Claims in Canadian Mineral Mines

BAY CITY, MI -- (MARKET WIRE) -- March 8, 2007 -- Sarissa Resources, Inc., formerly Michigan Gold Mining Investments, Inc. (PINKSHEETS: MGGV), is pleased to announce that the Company is clarifying the potential of the 55 claim, 2,000 acre St. Nicholas mineral deposit property located in Northern Ontario, Canada, in the Elliot Lake mining camp. The area was chosen for potential Uranium and Copper deposits.

The mineral target areas are accessible within several hundred feet of the surface on the property and Sarissa Resources, Inc. sees the area as a valuable mineral resource prospect. Geophysicists contracted by the Company will conduct a detailed assessment of the property along with diamond core drilling to delineate the potential uranium/copper deposit.

These claims were originally drilled in the 1950s and 1960s and the Company has leased the mineral mining rights to mine the government-owned area, the staking and other cost approximate $10,000. The renewable lease lasts for two years.

"These areas bear strong similarities to the renowned Olympic Dam mineral deposit site in Southern Australia. We purchased these claims for their tremendous potential for mineral deposits and will employ a highly qualified team of experts to conduct site explorations," stated Mike White, Senior Consulting Geophysicist for Sarissa Resources, Inc.

"The data we have received indicates possible economic deposits at a minable depth and we will announce our specific exploration plans for the St. Nicholas property in weeks to come," stated Ben Fuschino, CEO of Sarissa Resources, Inc.

Olympic Dam is a copper-uranium mine located in South Australia. It contains the world's largest uranium resource, the fourth-largest copper resource, and sizeable quantities of gold and silver.

Sarissa Resources, Inc. recently purchased five percent of Botanic Oasis, Inc. Botanic Oasis distributes Botanic Pax, a biodegradable natural product used to increase crop yield, decrease drought losses, and reduce labor and mechanical costs in agriculture.

About Sarissa Resources, Inc.:

Sarissa Resources, Inc., formerly Michigan Gold Mining Investments, Inc., is an American junior exploration company involved in the development of mineral assets in North America. Currently, the Company retains a one hundred percent (100%) title to a Platinum/Palladium prospect in Shillington Township named the 'Deadmoose Lake' property. The Company also retains a seventy percent (70%) interest in the St. Nicholas property, a Uranium/Copper prospect in the Elliot Lake mining camp. The Mike White Group (WVW Associates) retains a thirty percent interest in the St. Nicholas property.

This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, plans, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, and other factors that may adversely impact us. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements to reflect events, circumstances, or new information after the date of this press release or to reflect the occurrence of unanticipated or other subsequent events.

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