ALMI Chester Mining Company Begins Receiving Royalties from Production at the Dragon Mine

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Message #8
From: Stock News Bot
Date: March 7, 2005 02:21:51 PM

ALMI Chester Mining Company Begins Receiving Royalties from Production at the Dragon Mine

Chester Mining Company Begins Receiving Royalties from Production at the Dragon Mine SPOKANE, Wash. Chester Mining Company William Campbell or Travis Campbell, 800-222-1505 Chester Mining Company (OTC:CHMN) has begun receiving royalties from its Dragon Mine in Utah under lease to Atlas Mining Company (OTC:ALMI) of Osburn, Idaho. The Chester royalties (which are in addition to annual lease payments) are based on a 3 percent gross production royalty from the mine, from which Atlas Mining Co. has been shipping ore since December when it received a purchase order for up to 5,000 tons of its processed halloysite clay from NanoDynamics at a price of $500 per ton. Halloysite is high-value clay and its fine particle size enables it to be used extensively as a suspension agent in glaze preparations. The Dragon Mine is located in Juab County, Utah, and is the only known deposit of halloysite clay in North America that is large enough to be mined commercially. Industry experts from The Phlogiston Company concluded "the grain size and lack of significant impurity make Dragon Mine halloysite superior to products currently on the market." Therefore, Atlas should continue to have both geographical and qualitative advantage when serving North American customers. Wallace, Idaho-based Chester Mining Company is a multi-resource-based royalty company with projects in Idaho and Utah, all of which are successfully leased to operators. In addition to its clay mine, Chester holds a substantial land position adjacent to the legendary Sunshine Silver Mine in Kellogg, Idaho, and holds aggressive lease-exploration agreements there, as well as in the Conjecture Silver Mine currently under lease to Shoshone Silver. Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on beliefs of management, as well as assumptions made by and information currently available to management. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results. Copyright © 2005 Business Wire. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission. News Copyright © 2005 Interest!ALERT All rights reserved.

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