Miramonte Mining AG increases the environmental goals for 2008

Zurich, July 29th, 2008. The Miramonte Mining AG today announced the increase of the environmental goals in their own gold mine areas of Ecuador for 2008, in the context of the Green Earth Project. Aligned with their membership in the Business & Biodiversity Initiative and the successful presentation at the High Level Segment at the convention on Biological Diversity last May in Bonn, Miramonte Mining has intensified the ecology activities considerably.

“After starting with concrete actions to reforest the rain forest in Ecuador in 2007 we decided to plant more than 3,000 trees and bushes this year. We are proud to adjust the environmental goals for 2008. The Miramonte Mining AG will reforest the rain forest around the mine sites in Ecuador with more than 4,000 trees and bushes”, explains Misty Castiglia, Vice President of Miramonte Mining AG.

With realisation of this new objective, the gold mining company makes an important contribution for the biodiversity in this South American country. The high environmental standards in their gold mines of Ecuador are exemplary for the continued work of Miramonte Mining AG. “Together with the local communities and the environmental ministry in Ecuador we will advance our Green Earth Project”, adds Misty Castiglia.

About Miramonte Mining AG

Miramonte Mining AG is a small cap gold mining company with increasing portfolio of projects in Ecuador and Nicaragua. The head office of the company is located in Zürich, Switzerland. The stocks of Miramonte Mining are listed in the Open Market in Frankfurt (ISIN CH0028351796 / WKN A0MMH6)