Strategic Mining Corporation

Strategic Mining Corporation

December 06, 2010 08:45 ET

Strategic Mining Corp. (SMNG) Makes History as First Western Company Granted a Mining License in Northern Vietnam

This Remarkable Achievement Opens the Door for Strategic Mining to Acquire Additional Prospective Mine Properties in the Formerly Closed-Off Country

NEW YORK, NEW YORK--(Marketwire - Dec. 6, 2010) - Strategic Mining Corporation (PINK SHEETS:SMNG) today announced it has made history by becoming the first western company to receive a mining license in northern Vietnam since 1954.

Strategic Mining achieved this remarkable success through its association with its Vietnamese joint venture partner, Ba Dinh Minerals JSC. The license grants Strategic Mining the right to immediately begin exploring and developing its newly acquired Nat Son mining property, located about 50 kilometers south west of Hanoi in Hoa Binh province.

"It's exciting for our company to be part of history, but we're also extremely pleased on behalf of our shareholders that we have established a strong partnership with a pro-active and pro-business Vietnamese government," said Strategic Mining President Todd Sterck. "This license enables us to move forward with planning for future mining operations at Nat Son, and, very importantly for our continued growth, it opens the door for us to acquire other high-value mining properties across the northern regions of the country."

Hoa Binh province was the site of extensive gold exploration and development by French miners from the 1890s until 1954, when French nationals were expelled from the country. Currently, small-scale Vietnamese miners are actively producing gold at properties in close proximity to Nat Son.

Strategic Mining is moving aggressively to take advantage of its status as the first western company in several decades to be licensed to explore for and produce gold in Hoa Binh province.

Working together with JV partner Ba Dinh Minerals, the company has investigated numerous prospective acquisitions across the province and is in various stages of negotiations with their owners.

About Strategic Mining Corporation

Strategic Mining Corporation (PINK SHEETS:SMNG) is engaged in the exploration and development of gold properties in Viet Nam, the U.S. and Africa. The company holds the only gold mining license in northern Vietnam. Strategic Mining intends to expand by acquiring mineral rights to key properties and initiating strategic joint ventures. As previously stated in a company press release, Strategic Mining has filed for an uplift to the OTCBB.

Safe Harbor

No assurance can be given that past or similar results of precious metal mining will be indicative of future results. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding of discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intent to" and similar conditional expressions are intended to identity forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks in the company's SEC reports and filings.

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