NEW YORK, May 10, 2012 (GLOBE NEWSWIRE) -- Micron Enviro Systems, Inc. (Pink Sheets:MSVS), an emerging mining company, announced today that management is repositioning its exploration operations for increased funding opportunities by leveraging their six gold claims in the Whitehorse mining district of Yukon, Canada.
"We've decided to pursue our gold claims in an effort to build better shareholder value," stated Bradley Rudman, President of Micron. "Opportunities like Whitehorse should afford us much greater funding opportunities and growth potential."
The gold claims in Whitehorse are owned 100% by the company – located in close proximity to the Kinross gold exploration project.
Mr. Rudman has also indicated that Micron is making operational adjustments that management deems favorable to the company's overall growth objectives. These modifications include not pursuing the company's coal leases in Saskatchewan, Canada – allowing leases to expire – as well as no longer managing its Lithium permits in Alberta, Canada. Management indicates that between the expense of extending permits and dealing with various environmental issues, funds are being redirected to go after projects that can be brought into production at a quicker pace.
"In both cases, we found that the cost of exploration simply wasn't in line with the long term goals of the company," continued Mr. Rudman. "This is why the Whitehorse project, which we anticipate the initial phase getting underway within the year, has moved to the forefront."
The company is also entertaining other potential projects that may likely fit into Micron's long term strategy. Such projects include the potential of an iron ore acquisition that Micron is strongly considering.
"Management is actively searching out additional projects that we believe will enhance shareholder value. We are confident that potential projects such as the iron ore prospect could add shareholder value and substantially contribute to bottom line growth," concluded Mr. Rudman.
About Micron Enviro Systems, Inc.
Micron is an emerging mining company that plans on pursuing opportunities that will enhance shareholder value. Please visit Micron's website for more information of the locations of Micron's prospects at www.micronenviro.com.
If you have any questions, please call Micron at 516-474-0310. If you would like to be added to Micron's update email list, please send an email to info@micronenviro.com requesting to be added.
Safe Harbor
This news release contains forward-looking statements.Forward-looking statements are statements which relate to future events.In some cases, you can identify forward-looking statements by terminology such as ``may,'' ``should,'' ``expects,'' ``plans,'' ``anticipates,'' ``believes,'' ``estimates,'' ``predicts,'' ``potential'' or ``continue'' or the negative of these terms or other comparable terminology.These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.Readers are referred to the sections entitled ``Risk Factors'' in the Company's periodic filings with the United States Securities and Exchange Commission, which can be viewed at <http://www.SEC.gov>. For all details regarding working interests in all of MENV's oil and gas prospects or any previous news releases go to the SEC website. You should independently investigate and fully understand all risks before making investment decisions.
Contact Information:
Bradley Rudman
Micron Enviro Systems, Inc.
info@micronenviro.com
TEL: 315-307-8136
www.micronenviro.com
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