Vinoble, Inc.
OTC Bulletin Board : VNBL

August 02, 2005 16:04 ET

Vinoble Provides Additional Information About Red Lake District Mining Property

MALIBU, CALIFORNIA--(CCNMatthews - Aug. 2, 2005) - Vinoble, Inc. (OTCBB:VNBL), a holding company seeking to identify long-term growth opportunities in the areas of homeland security, security information systems, and other security services is pleased to offer additional data about the Red Lake District and the Hazard Lake Property as announced pursuant to its news release of July 8, 2005, where the Company had agreed to acquire controlling interest in a mineral asset in Northwestern Ontario, Canada.

The Red Lake district is a well known mining camp based on Archaean greenstone rocks which contains Placer Dome's old Campbell mine and Goldcorp's Red Lake mine which is described as the lowest cost, highest grade mine in the world. Red Lake's high-grade zone has been producing at a grade of 2 oz/ton (61.4 g/t). The Campbell mine has a reserve grade of 0.5 oz/ton and has enjoyed a reserve grade of more than 0.6 oz/ton. More than 20 million ounces of gold have been produced in the Red Lake district over the past 100 years worth approximately $8.6 Billion at today's value.

The Madsen mine property produced 2.9 million ounces of gold grading around 9 g/t. The property has a resource of 1.5 million ton grading 10 g/t and Placer has spent C$8.4 million to produce a feasibility study due by the end of 2006. Meanwhile, Goldcorp is exploring around the old Cochenour mine, which was the fourth largest and second highest-grade mine in the district producing over 1 million ounces between 1936 and 1971 at an average grade of 0.54 oz/ton. Newmont has taken interest in the Birch Uchi belt, which is the eastern extension of the Red Lake belt. It has not undergone a lot of exploration and is considered to have the same geology and potential as Red lake.

The Hazard Lake Property is approximately 355 hectares and lies within the Birch-Uchi Greenstone Belt of the western Uchi Subprovince of NW Ontario. The Most significant mineralization discovered on the Hazard Lake property to date is at the Northgate and Milberry occurrences. The Northgate tested with one hole intersecting 0.4 ounces per ton Au over 3.3 Feet at 500 feet deep.

The mineralization at the Milberry Occurrence is believed to be the extension of the Hill-Sloan-Tivy vein north of the property. The vein can be traced for a length of 228 meters. Drilling on the Milberry Occurrence has returned assays up to 107.31 g/t Au over 0.91 meters, 151.54 g/t over 0.67 meters, 81.94 g/t over .76 meters, and 44.29 g/t Au over .91 meters.

Vinoble's views the additional asset will provide the Company and its shareholders a much-improved increase in shareholder value, subject to the completion of the 43-101 on the Hazard mining prospect. Should positive results develop from the Madsen feasibility study by Placer and Newmont in the Birch Uchi belt, the Hazard property may serve as a valuable tool for Vinoble, both in asset value and in addition, it will serve as a testing and demonstration location for RFID and GPS applications. RFID and GPS technology will be a valuable tool for the mining industry and will 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 to also 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. The closing of the transaction will be subject to complete due diligence, inspections, and completion of audited financial statements in accordance to GAAP as required by the SEC prior to consummation.

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