MEXA GOLD Inc.
MEXA GOLD Inc.: Third Miningproject in Negotiation
MEXA GOLD Inc. / Joint Venture/Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- MEXA GOLD Inc., CUSIP: 592769103, ISIN: US5927691031 WKN: A0M2LY, Symbol: FST Third Miningproject in Negotiation MEXA GOLD is pleased to announce that the mexican investment-partner MEXAURIS S.A. de C.V. is in negotiation to acquire a further gold- and silvermine-project. This project, called M3, is located in the state of Sonora and easy to approach. Besides the old geological database the economic conditions indicate a very commercial extraction of the resources. The results of analyses show easy leachable precious metals, which will have positive effects on the expenditures and the productivity. A first conservative evaluation estimates approx. 500,000 ounces of gold and 1 Mio. ounces of silver. A detailed screening of the deposit to record the geometry and topology of the veins and the subsoil is planned in midterm. Subsequent the building of a modern plant is scheduled for the mining of the predicted resources using a sustainable process. The internal forecasts concerning the availability of the precious metals, the expenditures and costs for the preparation and the production show a scenario of a very profitable future mine. About MEXA GOLD Inc. MEXA GOLD Inc. is an investment company with its focus on precious metal projects and on precious metal-exploring- or -producing-companies (especially Gold- and Silver). The local focus is in Mexico, which is well known for its precious metal deposits since hundreds of years. MEXA GOLD Inc. holds 40% of MEXAURIS S.A. de C.V., a mexican corporation, founded by well established mine owners with a vast knowledge of the geological structure of the mine fields in Sonora. For further information please have a look at www.mexagold.com and www.mexauris.com. Pleace note/Riskadvice/Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to commencement of the mining and production, concentration in mineral deposits, delays in testing and evaluation of ore samples, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties. Such information contained herein represents management's best judgement as of the date hereof, based on information currently available. Dover, Nov. 19, 2007 MEXA GOLD Inc., President 19.11.2007 Financial News transmitted by DGAP ----------------------------------------------------------------------
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