Vinoble, Inc.
OTC Bulletin Board : VNBL

August 12, 2005 18:39 ET

Vinoble Provides Additional Information About Red Lake District Mining Property

MALIBU, CALIFORNIA--(CCNMatthews - Aug. 12, 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 announce that pursuant to its news release dated July 8, 2005, where the Company agreed to purchase mining property in the Red Lake District, has initiated a 43-101 report on the Hazard Lake Property.

As previously stated, 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 0.76 meters, and 44.29 g/T over 0.91 meters.

The Hazard property will serve as a valuable tool for Vinoble, 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.

Additionally, the Company is currently seeking other opportunities to add value to its property holdings through acquisition. Vinoble views the additional assets will provide the Company and its shareholders a much-improved increase in shareholder value.

The feasibility of monitoring the locations and vital statistics of equipment and personnel in surface and underground mining operations has increased with the advancements in RFID technology. RFID technology, which is relatively new to the mining industry, can track surface equipment in mine pits, loading points and processing facilities. There has been discussion of the future possibilities of using RFID technology in mining including monitoring heart and respiration rates, body temperatures and exertion levels; monitoring repetitious movements for the study of work habits; security and logging air quality via personnel sensors.

Preservation of these assets is important to the health and 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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