MEXA GOLD Inc.
MEXA GOLD Inc.: Annual Meeting, new project
MEXA GOLD Inc. / 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. ---------------------------------------------------------------------- Annual General Meeting, withdrawal from Mexican projects, Acquisition of a new exploration-project At the Annual General Meeting on August 7th, 2008 the stockholders present and representing 43.7 % of the stock adopted all points on the agenda. Because of internal reasons concerning fiscal points, and also the handling and the processing, the management decided to exit the cooperation in Mexico. This will increase the company’s scope and will lead to an expanded and more flexible area of business. Further the company’s investment focus will be expanded to all types of commodities. A new exploration project is already completed. The entire investment is already paid in escrow. This new project could lead to a high yield on turnover and a fast return on investment for MEXA GOLD Inc.. The actual geological valuations indicate that the possible reserves may have a value of up to 30 Mill. USD. The Details are private and confidential. Further information will be made available in cooperation with the involved partners and lawyers. About MEXA GOLD Inc.: MEXA GOLD Inc. is an investment company with its focus on creating a well balanced portfolio of investments in companies and projects in the commodity market as well as investments directly in commodities, i.e. via derivative investments. For further information please take a look at www.mexagold.com. Pleace note/Risk Advice/Disclaimer/Forward-Looking Statements: This notice is only of general nature and not meant as a tender to subscribe for or sell shares of MEXA GOLD Inc.. This notice contains forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections and currently available information. They are not guarantees of future performance. The statements contained herein which are not historical are forward-looking statements that are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, certain delays beyond the company's control with respect to commencement of the exploration and production, risks and uncertainties relating to foreign currency fluctuations; risks inherent in exploration including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of resources and reserves and the geology, grade and continuity of deposits; the possibility that future exploration, development or exploration or production results will not be consistent with the company's expectations; the inability or failure to obtain adequate financing on a timely basis, the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; and other risks and uncertainties. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Dover, August 11th, 2008 MEXA GOLD Inc., President 11.08.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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