BMXI Brookmount Explorations Inc (PK)

Brookmount Explorations Inc. www.brookmount.com (OTCBB: BMXI) announced today that it expects to begin shortly a drilling program on Brookmount's Mercedes 100 project in Peru. The drilling program recommended in a technical report (43-101) prepared by Guillermo Salazar, M.A., P. Geol. is intended to explore the significant potential of open pit mining on the Mercedes 100 property as well as to do a Reserve Audit to place more ore reserves into the proven category. Previous reserve estimates have placed the potential reserves anywhere from 480,000 tons to 1,950,000 tons of ore with one ounce of gold equivalent per ton. To support these activities, the Company announced today that it has completed a private placement of restricted common stock, under which it raised gross proceeds of $400,000 through the issuance of approximately 480,000 shares of common stock to accredited investors at an average price of $0.835 per share. The shares have not been registered. "We are excited to commence drilling on the Mercedes 100 project," said David Dadon, Brookmount Exploration's Chairman. "Early indications suggest that the property has tremendous potential, with significant potential gold reserves. We are gratified that investors have recognized this potential, and as a result we have completed a private placement to support these activities without any discount to the current price of our common stock." Brookmount's key property, the Mercedes 100 Project in central Peru is situated on the geological trend hosting the prolific Arequipa Gold Deposit. Brookmount Explorations' mission is to discover, define, and develop a portfolio of key resource properties throughout North and South America. Safe Harbor: This news release may include forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended with respect to achieving corporate objectives, developing additional project interests, the Company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements.