Southern Hemisphere Mining Limited
TSX VENTURE : SH

Southern Hemisphere Mining Limited

February 21, 2008 09:30 ET

Southern Hemisphere Mining Limited: Commissions Independent Expert to Report on Projects of Merit in Chile

TORONTO, CANADA--(Marketwire - Feb. 21, 2008) - Southern Hemisphere Mining Limited (TSX VENTURE:SH) ("Southern Hemisphere"), is pleased to announce that it has an opportunity to purchase additional exploration projects in Chile. It has commissioned Mr. Richard Yeates from Coffey Mining to conduct an inspection and valuation of nine projects of potential merit in Chile. Mr Yeates will prepare reports in accordance with the requirements of National Instrument 43-101.

The projects were aggregated by two Chilean companies associated with some of the Directors of Southern Hemisphere after the completion of the NI 43-101 report on the projects that constituted the initial portfolio of assets of Southern Hemisphere.

These projects are owned by two Chilean companies, Minera Pan Americana and Minera Americana del Sur. Minera Pan Americana is owned as to 80% by Pan American Mining Pty Ltd (PAM) and Minera Americana del Sur is owned as to 65% by South American Mining Pty Ltd (SAM). Both PAM and SAM are Australian entities that are partly owned by Trevor Tennant, Eduardo Valenzuela and James Pearson who are Directors of Southern Hemisphere.

The Directors of Southern Hemisphere who are independent and have no interest in PAM or SAM will, at their sole discretion, consider if the purchase of these properties, or some of these properties, and the terms and manner of such purchases, adds accretive value to the shareholders of the Company and is in accord with sound strategy moving forward.

About Southern Hemisphere Mining Limited

Southern Hemisphere is a South American focused resource company focused on exploring for large tonnage copper resources in Chile. The Company started trading on the TSXV on January 4th 2008 and currently has four projects in Chile covering approximately 177 km2 of prospective exploration ground covering four mineralized porphyry copper systems. These projects, La Santas, El Arrayan, Mantos Grandes and San Jose, are all located within the Chilean copper belt and in the case of two of the projects are in close proximity to existing large copper or copper /gold mining operations. The company commenced its first drilling program at La Santas on the 25th January 2008.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Southern Hemisphere Mining Limited
    Don Shaxon
    Investor Relations
    1-888-673-2646
    or
    Southern Hemisphere Mining Limited
    Trevor Tennant
    President
    +61-8-9481-2122