Message #14 From:
NewsBot Date: June 27, 2008 09:30:26 PM
AMXG Stock: OTTAWA, ONTARIO--(Marketwire - June 27, 2008) - AmMex Gold Mining Corp. (OTCBB:AMXG)(FRANKFURT:R5E)(WKN:AOKE72) announced today that it has decided not to proceed with the acquisition of 100% of the mining rights to the Cold Creek Gold Project
OTTAWA, ONTARIO--(Marketwire - June 27, 2008) - AmMex Gold Mining Corp.
(OTCBB:AMXG stock)(FRANKFURT:R5E)(WKN:AOKE72) announced today that it has
decided not to proceed with the acquisition of 100% of the mining
rights to the Cold Creek Gold Project, located in Cassia County, Idaho,
near the Utah-Nevada border.
Management and the Board of Directors concluded that the Cold
Creek property, while being a property of merit, does not fit in the
strategic and financial objectives of the Company at this point in
time.
AmMex Gold Mining Corp. is a precious metals exploration company
which aims to build shareholder value by acquiring a diversified
portfolio of precious metals assets in proven, resource-rich areas.
There is a focus on properties in politically safe areas of the world
with emphasis in North and South America where the Company has a strong
presence and expertise. The Company trades on the OTC market under the
symbol "AMXG", and on the Frankfurt Exchange under the symbol "R5E".
For more information, please visit the Company's website at
www.ammexgoldmining.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained herein which are not
historical are forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially from
those expressed in the forward-looking statements, including, but not
limited to, certain delays beyond the company's control with respect to
commencement of drilling operations, concentration in mineral deposits,
delays in testing and evaluation of ore samples, and other risks
detailed from time to time in the Company's filings with the Securities
and Exchange Commission.
