TORONTO, April 12, 2010 (GLOBE NEWSWIRE) -- The Strategic Mining Corporation (Pink Sheets:SMNG) announced today that it has positioned itself for a move of historical significance. It will become the first Western company to be licensed and permitted to engage in mining exploration and development of high-yield, precious mineral property in northern Vietnam since 1954.
Strategic Mining has the unique opportunity to take advantage of a mining area that has been dormant for over 50-years. The Company anticipates that, upon successful completion of its agreement with Ba Dinh Mineral Company, JSC and commencement of initial project work, it will be provided with the ability to enter into numerous development and exploration opportunities within the relatively under-explored northern regions country.
Mineral production in Vietnam has taken place since the Bronze Ages. Systematic mineral exploration and exploitation began with the French in 1884. Most exploitation, especially construction materials, was on a small scale with mainly manual labour and without mechanization. The French were forced to leave the country and cease their mining activity in the mid 1950's.
About Strategic Mining Corporation
Strategic Mining Corporation (Pink Sheets:SMNG) is engaged in the exploration and development of gold properties in Vietnam, the US and Africa. The company intends to expand by acquiring mineral rights to more key properties and initiating strategic joint ventures. For more information visit: www.strategicminingcorp.com
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Safe Harbor: No assurance can be given that past or similar results of precious metal mining will be indicative of future results. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding of discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intent to" and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks in the company's SEC reports and filings.