SOURCE: Shoshone Silver Mining Company

Shoshone Silver Mining Company

March 15, 2010 16:00 ET

Shoshone Silver/Gold Mining Company: Restrictions on Converted Stock Lifted

COEUR D' ALENE, ID--(Marketwire - March 15, 2010) -  Shoshone Silver/Gold Mining Company (OTCBB: SHSH) Shoshone acquired Kimberly Gold Mines, Inc. in March of 2009. By the terms of the acquisition shares of Kimberly common stock could be converted into Shoshone common stock on a 2 shares of Kimberly for 1 share of Shoshone stock basis. These converted shares would have a one year restriction on them. Accordingly, the one year restriction was formally lifted on March 12, 2010 and the formerly restricted Shoshone shares may now be freely traded. 

Founded in 1969 as a silver exploration, Shoshone is a company with an impressive portfolio of properties including approximately 2,992 acres (1,211 hectares) in its "Silver Division," approximately 2,125 acres (896 hectares) in its "Gold Division," and approximately 200 acres (80 hectares) of "Potential Platinum" properties. The company has minimal corporate debt, a large inventory of mining equipment owned by the company, and top management with over 106 years of mining industry experience.

Shoshone Silver/Gold Company offers investors a unique investment opportunity unrivaled by other junior mining companies. Its stock symbol is "SHSH", it is a fully reporting company, and it is listed on the OTCBB.

This release contains certain forward-looking statements within the meaning of the Federal Securities Laws. Such statements are based on assumptions that the Company believes are reasonable but which are subject to a wide range of uncertainties and business risks. Factors that could cause actual results to differ from those anticipated are discussed in the Company's periodic filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the fiscal year ended September 30, 2009.

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