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Concession Resource Estimates Asuogya Concession A map of the Asuogya concession is shown in Figure 25. The total area of the concession is 34,162,449.6 square meters (34.16 square kilometers). The sampled area of influence within the concession boundaries is 15,347,029.1 square meters or 44.92 percent of the concession area. The measured reserve of gold is 24,943.5 ounces. No additional sampling or exploration drilling has been performed, so no additional resource can be indicated; however, if the unsampled area of the concession is assumed to contain a prorated quantity of gold the same as the sampled area, then an additional resource of 13,738 ounces may be inferred. Ayiem Concession A map of the Ayiem concession is shown in Figure 26. The total area of the concession is 54,716,972.4 square meters (54.72 square kilometers). The sampled area of influence within the concession boundaries is 36,501,850 square meters or 66.71 percent of the concession area. The measured reserve of gold is 74,132.6 ounces. No additional sampling or exploration drilling has been performed, so no additional resource can be indicated; however, if the unsampled area of the concession is assumed to contain a prorated quantity of gold the same as the sampled area, then an additional resource of 24,679 ounces may be inferred. Bonsa Concession Details of the Bonsa concession are shown in Figure 27. The total area of the concession is 23,267,552.4 square meters (23.27 square kilometers). The sampled area of influence within the concession boundaries is 13,888,270.5 square meters or 59.69 percent of the concession area. The measured reserve of gold is 9,436.6 ounces. Dompem Concession A map of the Dompem concession is shown in Figure 28. The total area of the concession is 17,817,312.8 square meters (17.82 square kilometers). The sampled area of influence within the concession boundaries is 17,314,015.5 square meters or 97.18 percent of the concession area. The measured reserve of gold is 29,162.2 ounces. No additional sampling or exploration drilling has been performed, so no additional resource can be indicated; however, if the unsampled area of the concession is assumed to contain a prorated quantity of gold the same as the sampled area, then an additional resource of 824 ounces may be inferred. Kedadwen Concession A map of the Kedadwen concession is shown in Figure 29. The total area of the concession is 39,201,318.4 square meters (39.20 square kilometers). The sampled area of influence within the concession boundaries is 11,537,439.5 square meters or 29.43 percent of the concession area. The measured reserve of gold is 20,123.7 ounces. No additional sampling or exploration drilling has been performed, so no additional resource can be indicated; however, if the unsampled area of the concession is assumed to contain a prorated quantity of gold the same as the sampled area, then an additional resource of 14,201 ounces may be inferred. Klair Star Concession A map of the Klair Star concession is shown in Figure 30. The total area of the concession is 35,666,869.7 square meters (35.67 square kilometers). The sampled area of influence within the concession boundaries is 7,876,466.5 square meters or 22.08 percent of the concession area. The measured reserve of gold is 21,998.3 ounces. No additional sampling or exploration drilling has been performed, so no additional resource can be indicated; however, if the unsampled area of the concession is assumed to contain a prorated quantity of gold the same as the sampled area, then an additional resource of 17,140 ounces may be inferred. Nkwanta Concession A map of the Nkwanta concession is shown in Figure 31. The total area of the concession is 34,287,133.7 square meters (34.29 square kilometers). The sampled area of influence within the concession boundaries is 11,119,956 square meters or 32.43 percent of the concession area. The measured reserve of gold is 43,628.4 ounces. No additional sampling or exploration drilling has been performed, so no additional resource can be indicated; however, if the unsampled area of the concession is assumed to contain a prorated quantity of gold the same as the sampled area, then an additional resource of 29,479 ounces may be inferred. The complete geological report can be temporally viewed at the following: http://www.trueactors.com/nymet/PREG.pdf DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS The results described herein cannot be guaranteed. The development of any and all of the subject mining claims stated herein is contingent upon multiple high risk factors that must be successfully dealt with in order to achieve the intended results. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect Hidalgo Mining Internationals' future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Hidalgo Mining International to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. Hidalgo Mining International undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Hidalgo Mining International's expectations. Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1016415 Contact: Mark Daniel Klok Hidalgo Mining International (305) 778-8360 http://www.hidalgominingint.com/ SOURCE: Hidalgo Mining International http://www.hidalgominingint.com/ For full details for HMIT click here.
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