NEW YORK, March 28, 2011 (GLOBE NEWSWIRE) -- El Maniel International Inc (Pink Sheets:EMLL) announced today that the Company has entered into discussions for the long-term supply of gold from Mali, Western Africa. "In view of the overwhelming demand received, we are currently expanding our resource base and under our trading arm, we are venturing into Mali to engage in long-term supply of the precious metal," according to Jamie Khoo, CEO of El Maniel International Inc. "Our gold trading arm in Ghana will eventually operate as our regional hub for future transactions and this enables us to sign up for more forward contracts to deliver physical gold."
Mali is also situated in Western Africa and it borders Algeria on the north, Niger on the east, Burkina Faso and the Côte d'Ivoire on the south, Guinea on the south-west, and Senegal and Mauritania on the west.
"El Maniel International remains focused in the gold business and we are rigorously capitalizing on this domain by increasing our resource base to bring value to the Company," states Jamie Khoo. "We are very pleased to launch El Maniel's 2011 Webcast via our website www.elmaniel.com so as to efficiently and effectively deliver updates and developments of the Company to all our supportive shareholders and stakeholders across the globe."
El Maniel International Inc is a publicly traded company currently focused on prospecting, developing and expanding the economic potential of world class mining claims located in Ghana , West Africa and the company is committed to shareholder's value creation by ensuring constant development of current and new resources in the region. For further information and updates on El Maniel, stay tuned to 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 risks 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.