MGM Mineral Resources Receives Strong Support From Regional and Provincial Governments in Colombia
TORONTO, Aug 22, 2006 (MARKET WIRE via COMTEX) -- Metro Gold Mines Mineral Resources Inc. (PINKSHEETS: MGMX), is a growing gold mining company engaged in the acquisition and development of production properties in South and Central America.
Mr. Jairo Giraldo, C.E.O. of the Company held meetings with members of local and provincial governments in relation to the future direction of Metro Gold Mines Mineral Resources.
"It is extremely important to have the government on your side when dealing with a large operation such as this," said Jairo Giraldo, C.E.O. of MGM Mineral Resources. "It was a privilege to receive an official written invitation from the local government in which they support our Company and future projects."
The Company has also been dealing with members of Provincial and Federal governments in order to establish MGM Mineral Resources nationally and internationally.
"We will post any letters we receive regarding government support and local news, as the Company continues to grow," said Jairo Giraldo. "Our website will become more interactive as we grow. It will become a center of ongoing information for our shareholders and will enable the world to view our progress."
The Company will post the recent letter from the local government on the website shortly.
About MGM Mineral Resources (PINKSHEETS: MGMX)
Metro Gold Mines Mineral Resources Inc. is a growing, expertly managed gold mining company focused on acquiring and producing an impressive portfolio of exploration and production properties in South and Central America. MGM Mineral Resources is working to establish itself as a world-class gold company, capitalizing on smart acquisitions, breakthrough technology, modernized operations, deep industry expertise and a strong gold market to cost-effectively produce high quality gold. The company has identified a significant opportunity to exploit proven but under-developed mineral resources in Colombia. MGM Mineral Resources was initially targeting the richest gold zone in Colombia, Segovia, but is now extending to other areas throughout the country. For more information please visit www.mgmmining.com
Contact:
Mr. Kenneth Lamb
President
416-214-7847
SOURCE: MGM Mineral Resources Inc.
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