CHEYENNE, Wyo., Sept. 13, 2010 (GLOBE NEWSWIRE) -- Strategic Mining Corp. (Pink Sheets:SMNG) announced today that it has recently met with the Vietnamese Provincial Governor. The Governor granted Strategic Mining a "no tax status" for all imported mining equipment and pledged full government support for the development of the Nat Son gold property.
The provincial government will provide a full time staff to facilitate the importation of mining equipment that includes the new LF70 diamond core drilling rig. The staff will also assist in completing all provincial mining requirements for developing the property. New roads to the property as well as buildings for the workers and equipment storage have already been built by the government in support of the project.
President, Todd Sterck commented: "It is very encouraging to have the kind of support that we are receiving from the Vietnamese Government to assist Strategic in bringing the Nat Son property into production. This clearly demonstrates a proactive and pro-mining business climate."
Strategic Mining Corporation is engaged in the exploration and development of gold properties in Vietnam, the US (Nevada/Utah) and Africa. The company intends to expand by acquiring mineral rights to more key properties and initiating strategic joint ventures.
Safe Harbour: No assurance can be given that past or similar results of precious metal mining will be indicative of future results. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding of discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intent to" and similar conditional expressions are intended to identity forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks in the company's SEC reports and filings.