NEW YORK, April 4, 2012 (GLOBE NEWSWIRE) -- El Maniel International Inc (Pink Sheets:EMLL) is pleased to announce today that the Company is rolling out an aggressive field program to revisit and reassess the alluvial gold potential of Mining License (ML) 153 situated in the Kompiam District of Enga Province in Papua New Guinea.
"As announced previously, we are excited with our progress on ML153, and we are aggressively going ahead with our next phase of resource definition and mine development program on this gold property," according to Jamie Khoo, CEO of El Maniel International, Inc.
"We are very excited with the exceptional potential of this gold property and we are putting together a team of geologists and technicians to identify and establish both lateral and in profile the most promising and prime alluvial targets within the 100 acres lease area through pitting and sampling program where extensive samples will be extracted and dispatched for analysis," added Jamie Khoo. "We believe that the enormous potential of this property and escalating gold prices will contribute significantly to our top and bottom lines and quantum leap the value of the Company as well as shareholders value." Stay tuned to www.elmaniel.com for more updates.
About El Maniel International, Inc:
El Maniel International Inc is a publicly traded company currently focusing in the gold business domain including but not limited to trading, prospecting, developing and expanding the economic potential of its world class mining claims and the company is committed in creating shareholder's value by ensuring constant development of current and new resources in its global business domain. El Maniel is also venturing into lucrative oil and gas business initiative with high growth strategies of investing in underdeveloped oil and gas production assets with immediate revenue generating capabilities throughout the United States. For further information and updates, visit www.elmaniel.com.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risk and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward-looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company's expectations or future events.