Vinoble, Inc.
OTC Bulletin Board : VNBL

October 13, 2005 18:33 ET

Vinoble Finalizes Asset Aqcuisition

MALIBU, CALIFORNIA--(CCNMatthews - Oct. 13, 2005) - Vinoble, Inc. (OTCBB:VNBL), a holding company identifying long-term growth opportunities in the areas of homeland security, security information systems, and other security services, announced today that it has completed and executed a definitive agreement in acquiring the Hazard Lake Mining Property.

Recently, Vinoble announced its intent to enter the mining industry by announcing that it entered into a Memorandum of Understanding to acquire the Hazard Lake Mining Property in the Red Lake Mining District. Subsequently, the Company has complied with the terms of the MOU and has finalized an agreement acquiring the property.

The Hazard Lake Gold Mine property is located in Northwestern Ontario in the Red Lake Mining District. The Hazard property is an extension to a past producing property that produced over 110,000 ounces of gold and 14,000 ounces of silver in the mid 1900s. The Red Lake Mining District is reputed for its gold production both past and present and has attracted many prominent mining companies over the years.

Drilling on the property performed to date has identified a gold resource valued at nearly $8,000,000 in the ground at current gold prices; however, the property still requires additional exploration work to update and further expand on this and identify any additional resource.

With the recent broad-based strength of gold rising to $480, its highest levels in 18 years, this purchase by Vinoble will provide the Company and its shareholders a much improved increase in shareholder value. In addition, it will serve as a testing and demonstration location for RFID and GPS applications. RFID and GPS technologies may become valuable tools for the mining industry and may offer protection of our country's natural resources and commodities against threat. Preservation of these materials is important to the safety of U.S. industry and economy.

The Company believes that offering such service and technology applications in the mining industry will further position Vinoble in a rapidly expanding industry while taking advantage of access to the increasing capital and global spending that the Company will require for growth. The Company's goal is also to provide a much-needed service at a cost manageable to even the smallest of businesses that can't afford to do without the safety of its personnel and assets in this current state of constant threat.

Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan", "confident that", "believe", "scheduled", "expect", or "intend to", and similar conditional expressions are intended to identify 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 may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Vinoble to complete the proposed acquisition(s), the results of Vinoble's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Vinoble to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.

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