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Miramonte Mining AG

Miramonte Mining AG upgrades processing plant to optimize production levels

Zürich (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
stock market/companies
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)
end of announcement                               euro adhoc 04.12.2007 16:09:34

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