Sterling Mining Company
OTC Bulletin Board : SRLM

Sterling Mining Company

November 19, 2007 15:09 ET

Sterling Hires 101st Employee at Sunshine Mine

WALLACE, IDAHO--(Marketwire - Nov. 19, 2007) - Sterling Mining Company (TSX:SMQ)(OTCBB:SRLM)(FRANKFURT:SMX) today announced that the 101st full time employee has been hired on at Sunshine Mine in northern Idaho as the Company continues its preparation for mine start up. Combined with the eighteen other employees working in the exploration division, corporate headquarters, human resources and environmental department, the Company currently employs 119 people in Idaho.

Sterling Mining's President Raymond De Motte stated, "We are quickly approaching the finish line to start up production at the Sunshine Mine, which we still forecast for December of this year. We are steadily hiring five to ten employees per month to join the Sterling team, many of whom are Sunshine veterans who bring decades of mining experience with them."

Activities continue to accelerate at the Sunshine Mine with the Silver Summit shaft repair nearly one-third complete, installation of diesel maintenance area in the Sterling Tunnel, completion of underground diesel equipment deliveries for 2007, installing substations and new cable on 3100 level and inspection of the 2700 level West Chance stopes and ramps.

About Sterling Mining Company

Sterling Mining controls the Sunshine Mine, currently forecasted to begin production in December 2007, and related exploration lands in the prolific Silver Valley of northern Idaho. The Company also holds several silver properties in Mexico, including the Barones Tailings Project in the Zacatecas Silver District. Shares of Sterling Mining Company trade on the TSX under the symbol "SMQ", on the OTCBB under the symbol SLRM, and also on the Frankfurt Stock Exchange under the trading symbol "SMX".

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Cautionary Language and Forward Looking Statements

This press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian securities authorities

This press release does not constitute an offer to sell or a solicitation to buy securities, and contains forward-looking statements regarding the Company within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements are based on assumptions that the Company believes are reasonable but that are subject to uncertainties and business risks. Actual results relating to any and all of these subjects may differ materially from expected results. Along with additional underground rehabilitation and restoration of site facilities, the timetable for the continuing work program anticipates production beginning in December 2007. If we are able to stay on schedule with the mine work and obtain the funding, equipment, and qualified operations personnel as needed for the work program, we believe production by December is doable. Factors that could cause results to differ materially include economic and political events, the ability to raise capital in the financial markets, and other factors discussed in the Company's periodic filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2006 and subsequent 10-Q and 8-K filings.

Contact Information

  • Sterling Mining Company
    Raymond De Motte
    (208) 699-6097
    Sterling Mining Company
    Monique Hayes
    (208) 699-6097
    CHF Investor Relations
    Cathy Hume
    (416) 868-1079 x231