MONTREAL, Oct. 11, 2006 (PRIMEZONE) -- East Delta Resources Corp. (OTCBB:EDLT) (Frankfurt:EJK) announced today that it has retained Thomas McGrail, a Canadian citizen, to re-start and supervise commercial mining operations at the Huaqiao Gold Mine, located in Guizhou, China. Mr. McGrail is a veteran mining expert with extensive underground mining experience in Canada, Mexico, Nicaragua and Colombia. EDLT had signed an agreement in November 2005 to acquire 77.5% of the Huaqiao Gold Mine that has been operating for over ten years. The mine has well-developed underground access and surface facilities, including a 150 tonne per day flotation mill built in 2003, and is currently being rehabilitated with the intent to increase gold production.
McGrail's recent underground mine experience includes Marmato Mountain in Colombia (Colombia Goldfields Ltd.), and the Bonanza Gold Mine in eastern Nicaragua (HEMCO Inc, Nicaragua).
David Bikerman, President of East Delta, stated "The hiring of Tom is a significant move for us. We are pleased that Tom has agreed to join our team in China. His experience in underground mining and in operating similar process plants to the one at Huaqiao is precisely what we need to begin significant gold production in China."
Mr. McGrail visited the mine site in September with Mr. Bikerman, and will begin full time work onsite in early October. East Delta anticipates that the mill rehabilitation will be complete, with production to restart, by the end of the year. With over 10 million RMB ($1.2 million USD) set aside for Chinese operations and qualified management in place, East Delta is poised to become a gold producer in 2006 and project cash flow positive in 2007.
The Company
East Delta Resources Corp. is a publicly traded Delaware corporation, headquartered in Montreal, Quebec. EDLT's primary activity is in mine development and production of gold. EDLT also participates in other mineral exploration and mining, specifically, silver, nickel, zinc and lead. The geographic focus of the Company is China. With funding for current needs in place, majority interest in several highly-prospective properties, experienced personnel, and an extensive network of contacts in China, the Company is on-track in implementing its business plans and objectives.
Safe Harbor
Certain statements contained herein are ''forward-looking'' statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.