Superior Mining International Corporation

Superior Mining International Corporation

December 04, 2006 19:43 ET

Superior Mining International Corporation Announces Completion of Middelvlei 43-101 Report by Minxcon

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 4, 2006) - Superior Mining International Corporation, formerly "Superior Mining Corporation", (the "Company" or "Superior") (TSX VENTURE:SUI) is pleased to announce the completion and SEDAR filing of an updated technical report in compliance with National Instrument 43-101 ("NI 43-101") with regard to the Middelvlei Property as previously discussed in Superior news releases dated April 10, 2006, June 21, 2006, July 10, 2006 and August 23, 2006. The report entitled "Qualified Persons Report on the Mineral Assets of the Middelvlei Gold Mine, Gauteng Province, South Africa" has been prepared by Minxcon Consultants of Bryanston/Johannesburg and not Snowden Mining Industry Consultants as previously announced in the Company's news release dated June 21, 2006. Minxcon was selected to prepare the report because of their intimate knowledge of the Project area gained through their recent involvement in the production of a "Competent Person's Report" (CPR) for the Company's joint venture partner Pamodzi Resources (Pty) Limited.

This report summarises the mineral reserves for both the "Black Reef" and the "Middelvlei Reef" (MVR) as at 31st August 2006 as per the following: -

Reef Status Tonnes (t) Grade (g/t Au) Contained Ounces

Black Reef Proven 1,203,852 3.48 134,778
MVR Probable 479,609 2.33 35,928
-------------- --------- ---- -------
Total Reserves 1,683,461 3.15 170,706

No reserve calculation was reported on the Ventersdorp Contact Reef.

Qualified Person and Quality Control and Assurance

The information in this release has been compiled by Superior's Vice President of Exploration - Mr Duncan Greenaway, B.Sc. & M.Sc. Geology, M AusIMM. Mr Greenaway has some 30 years of international exploration and mining experience and has sufficient experience relevant to the style of mineralization under consideration and qualifies as a Qualified Person as defined in terms of NI 43-101.

The Company is an early stage exploration and near term producer focused on the mining of gold deposits in the central Witwatersrand region of South Africa.

On behalf of the Board of Superior Mining International Corporation

John Proust, President & CEO

This news release has been prepared by management of the company who takes full responsibility for its contents. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Superior Mining International Corporation
    John Proust
    President & CEO
    (604) 601-2005
    (604) 488-0319 (FAX)