DGAP-News: First Results of the Gold Exploration Senegal lead to Joint Venture Negotiations

West Africa Mining Holding AG / Miscellaneous

28.04.2010 08:32 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

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SN Mineral Mining Ltd. took part in the international mining exhibition SIM
Senegal 2010 in Dakar between 12th and 15th April 2010 as a platinum
partner of the Republic of Senegal. Within this context, the leading
geologist of SN Mineral Mining Ltd., Dr. Madani Diallo, presented the first
results from the gold exploration in the South East region of the country
to the attending trade experts.

The concluding report from 31st March 2010 can be downloaded from the SN
Mineral Mining Ltd. website immediately.

http://www.sn-mining.com/download/SN_Mineral_Mining_2_Aktionaersbrief.pdf

http://www.sn-mining.com/download/Quarterly_Report_MConsult_Dr_Madani_Dial
lo.pdf

Specifications for the company's working schedule are provided in the
licensing agreement with the ministry of mining and resources of Senegal.
SN Mineral Mining Ltd. has already fulfilled over 55 percent of these
requirements and is, as a result, far ahead of the original schedule, which
requested the entire exploration project to be carried out in a period of
three years. Thanks to this milestone, SN Mineral Mining Ltd. was able to
place noticeable emphasis on the mining trade fair in Dakar. The company is
currently carrying out initial talks with a world-leading gold producer, in
order to decide on a joint venture to develop the explored region.

The SIM Senegal 2010 trade fair brought international attention to the
group members of West Africa Mining Holding AG, in which SN Mineral Mining
Ltd. also holds a share. With two licenses in the South-Eastern gold
district of Senegal, SN Mineral Mining Ltd. is among the most exciting and
promising exploration companies in West Africa. As the gold deposits of
South Africa have exceeded the height of their productive capacity, the
major gold producers in the world are currently expanding towards West
Africa. This part of Africa has been neglected by mining corporations for
decades but has the potential to establish itself as one of the three major
gold-producing African regions in the medium-term. SN Mineral Mining Ltd.
has positioned itself outstandingly in this region for pioneering
exploration companies.

During the exploration work, promising field and rick samples with
anomalies in terms of diamonds and coltan were also collected and analysed.
The license rights have already been modified with the relevant ministry in
order to be able to mine these resources as well.

For more information, please contact:

West Africa Mining Holding AG

Untermüli 6
CH-6300 Zug
Switzerland

ISIN CH0045659973  WKN A0Q9UR

Email   info@westafrica-mining.com

Internet  http://www.westafrica-mining.com

Telephone   +41 (44) 586 0 111

About SN Mineral Mining Ltd.

SN Mineral Mining Ltd., Great Britain, with a branch in Dakar, Senegal, is
currently carrying out an exploration to search for gold and other valuable
metals in the South-East region of Senegal. Senegal is among the most
economically and politically stable countries in the West African region.
Leading resource exploration companies such as AngloGoldAshanti, Randgold,
Oromin, Arcelor Mittal, MDL Deposits and IAMGold have worked in the
Republic of Senegal for many years. SN Mineral Mining Ltd. currently holds
the rights to two licensed territories in the South-East of Senegal with a
total area of 1,402 square kilometres.

About West Africa Mining Holding AG

West Africa Mining Holding AG is an investment company with a pure focus on
exploration, mining, natural oil and gas production companies. Westafrica
Mineral Mining Ltd. is a 100% subsidiary of West Africa Mining Holding AG.
The business model of West Africa Mining Holding AG is based on the
financing and development of young exploration companies in regions with an
above-average potential for the mining of mineral resources. The investment
level of the individual projects and shareholdings is between 2 to 5 years.
SN Mineral Mining Ltd. also holds a 24.99% share in West Africa Mining
Holding AG.

For more information, please contact:

SN Mineral Mining Ltd.
69 Great Hampton Street
B18 6EW Birmingham, United Kingdom

Senegal Branch

SN Mineral Mining Ltd.
8 Rte Meridian President - R/C Esq.
Almadies - Dakar

Email  mail@sn-mining.com

Internet http://www.sn-mining.com


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