MIAMI, FL, Jan 22, 2007 (MARKET WIRE via COMTEX News Network) --
Prom Resources, Inc. (PINKSHEETS: PMRX) ("the Company") is pleased to announce that is has secured additional perimeters in the Toliara province of Madagascar. After initial sampling of these perimeters, the company has determined that these yielded in excess of one ounce of gold per ton from the river bed.
Further, the company has been issued a license for the export of gold that is being extracted from its perimeters (These perimeters can be viewed on the company's website). The Company has prepared shipments of 50 kilograms of gold bearing material for grading and processing.
"We are please to be shipping, and executing our plan as set out by management," said Dror Moradov, President of Prom Resources, Inc. "We expect our results to demonstrate the potential for higher grade mineralization."
About Prom Resources, Inc.
Prom Resources, Inc. is currently engaged in the active exploration and extraction of gold ore, corundum and beryl material at different mining and exploration perimeters in the Republic of Madagascar. For further information please visit our website at www.promresources.com or email us at info*promresources.com
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of Prom Resources, Inc. and its subsidiaries (hereafter collectively referred to as "the Company," "we," "our" or "us") to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. The words or phrases "would be," "may allow," "intends to," "may likely," "are expected to," "may continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Such statements include those concerning our expected financial performance, our corporate strategy and operational plans. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties, including: (a) not being able to discover any material economically feasible to mine; (b) whether we are able to manage our planned growth efficiently, including whether our management will be able to identify, hire, train, retrain, motivate, and manage required personnel or that management will be able to manage and exploit existing and potential market opportunities successfully; (c) whether we are able to generate sufficient revenues or obtain financing to sustain and grow our operations. Prom Resources, Inc.'s plans, as reflected above, should not be construed by any means whatsoever as a reflection of the Company's future stock price or future financial results.
Investor Relations contact Dror Moradov President Telephone number: 954-697-2199
SOURCE: Prom Resources, Inc.
Copyright 2007 Market Wire, All rights reserved.
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