Miramonte Mining AG

Miramonte Mining AG upgrades processing plant to optimize production levels

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stock market/companies

Zürich (euro adhoc) - December 4th 2007. Miramonte Mining AG (ISIN CH0028351796 / WKN A0MMH6) today announced that it has begun implementation of the plan to upgrade and enhance the company´s processing plant in Portovelo/Zaruma in the province of El Oro in southern Ecuador.

"We are very pleased that this goal has been met!" comments Alberto Fierro, Managing Director of Miramonte Mining AG, and adds: "The entire team has been working diligently and we are now at the point of implementation. We see this as a huge growth potential not only for the company, but also for the investors and shareholders. Our goal is to get the very most out of this project for all involved."

The upgrade and enhancement of the processing plant in Portovelo/Zaruma will not only include the expansion of the current milling process, but also the implementation of a brand new Flotation System. This Flotation System will allow the plant to now recover 93-97% of the Copper, 80-86% of the Silver and 70-75% of the Gold; therefore, increasing the production value of the project exponentially.

About Miramonte Mining AG Miramonte Mining AG is a small cap gold mining company with increasing portfolio of projects in Ecuador. 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)

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ots Originaltext: Miramonte Mining AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Contact
Miramonte Mining AG trio-financial relations AG
Tel +41 (0)43 500 16 23 Michael Goliath
Fax +41 (0)43 500 16 24 Tel +49 (0)69 95 90 83 12
investors@miramontemining.com             Fax +49 (0)69 95 90 83 99
www.miramontemining.com m.goliath@financial-relations.de

Branche: Metals & Minerals
ISIN:      CH0028351796
WKN:        A0MMH6
Börsen:  Börse Frankfurt / Open Market / Entry Standard



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