SOURCE: Wildwood Management Corp.

September 18, 2007 10:28 ET

Wildwood Management Corporation Acquires 50% of Royal Petroleum Mining Corp. of Bolivia

VANCOUVER, BC--(Marketwire - September 18, 2007) - Wildwood Management Corporation (PINKSHEETS: WILDJ) has completed a transaction to acquire a 50% interest in Royal Petroleum Mining Corporation of Bolivia. Royal Petroleum Mining Corp. will be responsible for production operations at Wildwood's recently acquired Telamayu Tailings Project. The Telamayu Project, purchased from Comibol Mining, the state-owned mining operation in Bolivia, has an estimated 5,024,415 oz of silver (Ag) and 3,543,642 lbs of tin (Sn). The Bolivian government has been extremely cooperative in regards to the processing of tailings found at various sites. Wildwood Management CEO, Eise Deboer, who has recently returned from Bolivia, reported that the Bolivian officials continue to offer their support regarding the Telamayu projects in the Uyuni District. There is currently one processing plant on this site that the government has granted permission to utilize and plans are underway to include an additional plant to facilitate the extraction of the 470,000 tons of tailings including silver and some gold. "This project is extremely well managed and maintained by the Government of Bolivia," added Mr. Deboer. "We anticipate all formal signings of concessions should occur in the next few weeks." Plans are underway to have the existing plant release tin and the new plant will release precious metals.

Analysis indicates the project will provide 5,024,415 oz of silver and 3,543,642 lbs of tin over a 4 year period, the estimated time to process all the tailings at this site @ 400 ton of ore per day.

Production is anticipated to begin within 12 weeks allowing for time for the existing plant to complete the necessary maintenance and upgrading to meet the required production and safety standards. The project can potentially net an estimated $16,241,175 before taxes.

About Wildwood Management Corp.

Wildwood Management Corp. is an established mining, exploration and development company. Our mission is to create shareholder value by achieving growth through robust acquisition and exploration programs and low-cost production.

Wildwood continues to maintain excellent community relations and a commitment to responsible environmental practices. The company has a strong management team and an effective board dedicated to excellence in corporate governance. We are committed to a dynamic exploration and development program.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

Contact Information

  • Contact:
    Wildwood Management Inc.
    Eise Deboer

    European Public Relations
    34-952903353 office
    34-952827276 fax