NEW YORK, Nov. 23, 2010 (GLOBE NEWSWIRE) -- El Maniel International Inc. (Pink Sheets:EMLL) ("El Maniel" or "the Company") is pleased to announce the progress of on-going geological survey activities on its 200 acres of alluvial gold mining concession in Ghana, West Africa, whereby the geological survey of the first 100 acres, or better known as "Plot A", and the second 100 acres ("Plot B") are 50% and 10% completed, respectively. "We are very fortunate to be able to leverage on the resources around us to ensure that we have an achievable work program," states Jamie Khoo, CEO of El Maniel. "We will be initiating site preparations as soon as these survey work is over."
"Apart from these 200 acres, El Maniel is quite optimistic in accelerating the initiation of mining activities and production of another 25 acres ("Plot C") of alluvial gold mining concession located at Bosomase, with permitting in place for mobilization works, and the Company will be considering the options of inviting tenders from mining services companies for contract mining on this gold field," according to Jamie Khoo. "In order for contract mining to be successful for Plot C, mining services companies must have proven records with capabilities to deliver suitable equipments and servicing arrangements to this mining site, which happens to be situated in the vicinity of the Golden Triangle with excellent access to port and road infrastructures."
About El Maniel International Inc
El Maniel is focused on exploring, developing and expanding the economic potential of mining properties located in Ghana, West Africa. The company is led by highly skilled, experienced management team and board of directors with decades of successful project development and project financing. The company is committed to shareholder's value creation by constant development of current and new properties that has the potential to increase El Maniel's resource base. For further information, visit www.elmanielinc.com
On behalf of the board of directors of El Maniel International Inc
Jamie Khoo, President and CEO
e-mail: info@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.