posted                      

quote:

---

"Our President, Mr. Ken Lamb, has been actively involved in the Pink Sheets quotation situation," commented Jairo Giraldo. "We are aware that this quotation service is of importance and Mr. Lamb is working hand-in-hand with our Company's legal team to finalize this issue once and for all."

The Company's quotation system has been shut down temporarily on Pink Sheets based on an issue of spamming and illegal advertising which was conducted by unknown individuals within the first several days of trading. This has caused a detrimental effect on the Company's stock price, but, not on all current objectives and goals, as is obvious throughout this Press Release.

The Company's legal counsel is to provide an Opinion Letter to Pink Sheets confirming that all has been completed and that MGM Mineral Resources has supplied Pink Sheets with any and all pertinent information in relation to it's non-involvement in the spamming issues, and making all their financial and company information readily and publicly available.

"Unfortunately, our Chief Legal Counsel, is in his final stages of recovery from a serious medical operation," said Jairo Giraldo. "This has delayed the finalization of this document, but, we have been assured that it should be submitted to us by end of this week and then the rest will be in the hands of Pink Sheets."

Mr. Jairo Giraldo concludes his Progress Report, "Please keep in mind that this is only the beginning. We are very happy with the trust that our shareholders have placed in our Company. As such, we will continue with our forward progress and provide our shareholders with strong results."

---

Posts: 196 | Registered: Feb 2006  |  IP: Logged | 

posted                      

quote:

---

MGM Mineral Resources Announces Corporate Update
Wednesday August 2, 9:30 am ET

Gold Company Resumes Quotation Services on Pink Sheets, Expanding Infrastructure and Upcoming Meeting of the Board of Directors

TORONTO--(MARKET WIRE)--Aug 2, 2006 -- Metro Gold Mines Mineral Resources Inc. (Other OTC:MGMX.PK - News), a growing gold mining company engaged in the acquisition and development of production properties in South and Central America, is pleased to announce various new developments pertaining to its operations.

"We are pleased to announce the fact that Pink Sheets has resumed our quotation services," said Kenneth Lamb, President of MGM Mineral Resources. "It was a very difficult time for our Company and shareholders, but we were able to prevail over an issue that seemed to linger over many weeks. Again, we initially neglected some of our administration duties and these were symptoms of a Company that was rapidly expanding. All is back in order and forging ahead."

The Company's infrastructure is rapidly expanding, as in the completion of various roads, facilities and the steady increase in production. As such, an additional geologist has been added to the MGM team and there have been recent discussions with a North American independent geologist to travel to La Esperanza and Manantiales mines in order to confirm all recent findings.

The entire Board of Directors will be holding a meeting in Medellin, Colombia on August 7, 2006, in order to discuss and implement upcoming strategies which will ensure production value versus costs. The meeting will also enable MGM Mineral Resources to dictate all plans for management, production, extraction, and exportation for the remainder of 2006 and beyond.

"There are several other meetings that are being planned and linked to our agenda while visiting Medellin, Colombia," added Ken Lamb, President. "We will share the outcome of the various upcoming ideas and projects once the trip is complete. We continue growing rapidly, while establishing operations not only at a national level, but internationally as well."

About MGM Mineral Resources (Other OTC:MGMX.PK - News)

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. It has acquired La Esperanza Mine and Manantiales Mine in Colombia's highest yielding municipality and is in the later stages of negotiations with several high grade gold and silver properties. MGM Mineral Resources is initially targeting the richest gold zone in Colombia, where between 60 and 80 percent of the nation's gold is produced. For more information please visit " target="_blank">www.mgmmining.com[/quote]

---

Posts: 196 | Registered: Feb 2006  |  IP: Logged | 

posted                      

quote:

---

MGM Mineral Resources Provides Corporate Update
Monday August 14, 12:07 pm ET

Gold Company Reorganizes the Financial, Legal, Technical and Administration Aspects of Their Operations

TORONTO--(MARKET WIRE)--Aug 14, 2006 -- Metro Gold Mines Mineral Resources Inc. (Other OTC:MGMX.PK - News), a growing gold mining company engaged in the acquisition and development of production properties in South and Central America, recently ended a week of corporate meetings in Medellin, Colombia.

"The week long meetings in Colombia were a complete success," said Kenneth Lamb, President of MGM Mineral Resources. "What we initially believed would transpire over a day turned into a week of restructuring and reorganization of the Company, not only internally, but externally as well."

The initial meeting with the Board of Directors outlined the tasks and vision for the Company, which was followed up by meetings with the local owners of the Company's current mines. It was a pleasure to see that the Company's Directors, land owners, and staff were able to focus on the same common goals and reach decisions that will greatly affect all aspects of the Company. The entire week consisted of additional meetings with owners of mines that are currently in production, as well as with members of Regional, Provincial, and Federal governments within Colombia, in order to facilitate acquisitions, mining permits, and future projects.

The Company was also able to retain the services of a lawyer with a background in international law, Mr. Luis Trujillo, as well as external accountants to handle the financial end of operations. It was also concluded that the Company is to centralize and update their offices in Medellin for all administrative duties.

"MGM Mineral Resources is pleased to announce its greatest accomplishment of all," said Kenneth Lamb. "We were able to secure a minimum of six joint ventures and acquisitions, and are currently still negotiating further mines. We will be releasing the names of our new properties shortly, with specific information pertaining to the individual mine. The entire week, along with these acquisitions, represent a major step in establishing ourselves as a major gold mining company in Colombia."

---

Posts: 196 | Registered: Feb 2006  |  IP: Logged |