NEW YORK, Jan. 29, 2008 (PRIME NEWSWIRE) -- Centra Capital Corporation/Diversified Mineral Group, Inc. (Pink Sheets:CENC) today announced that it had completed the merger with Diversified Mineral Group, Inc., a Nevada based corporation, as its wholly owned subsidiary, in a transaction effective January 22, 2008. With all subsequent conditions to the transaction being satisfied, the company stated, "This acquisition was done as an initial move in the Company's undertaking of its new direction in the acquisition of mining claims such as those held currently by the company. With the new direction of a new management team, we expect to realize the vision of the Company in ultimately becoming one of the industry's pre-eminent leaders in the new exploration and development of natural resources, particularly in acquiring and developing coal reserves essential to the ever increasing Global energy demands and rapidly expanding economies."
As we begin to move forward towards our operational goals, over the next few weeks we will be confirming investor positions as well finalizing equipment contracts and scheduling their delivery and set up. Once operations are initiated, production levels are estimated to be at 30,000 tons of coal per month within 60 days. As these mile stones are accomplished, we will do our best to keep our shareholders informed publically.
About Diversified Mineral Group, Inc.
Diversified Mineral Group is a development stage mining company with coal properties located in Mexico and Kentucky. CENC has procured the rites to mine these properties through joint ventures and royalty agreements with the landowners with an additional option to purchase the properties in existence. Operations will be initiated at a surface mine operation with an initial 30,000 tons of coal production per month within 60 days. CENC also holds options to acquire additional deposits in Russia and the Ukraine.
Diversified Mineral Group is a mining company whose goal is to develop shareholder value through the acquisition of substantial natural resources and engaging strategic partners to develop production and creating cash revenues for further acquisitions.
For more information available to the public, contact the investor relations dept. at 877-473-5224, or visit us at our new website www.diversifiedmneral.com.
Forward-Looking Statements
This news release contains forward-looking statements made by Diversified Mineral Group in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward-looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.