Cedar Mountain Acquires Mineral Properties and Production Facilities in Zacatecas Mexico
October 21, 2008 – CALGARY, Alberta – Cedar Mountain Exploration Inc. (CED:TSXV) (“Cedar”) is pleased to announce the acquisition of additional mineral properties and an interest in an 800 tonne per day production facility in the State of Zacatecas in central Mexico totaling approximately 1,700 hectares. The acquisition was completed with an arms length party for consideration of $296,000. A finder’s fee is payable in association with this transaction.
About Cedar Mountain
Cedar Mountain Exploration Inc. is mineral exploration company focused on gold, silver and base metal projects. In addition to the above mentioned properties, the company’s assets include the Cedar Creek Gold Property, a bulk tonnage sediment hosted gold target situated immediately adjacent to Skygold Ventures Ltd.’s Spanish Mountain project in the Cariboo region of south-central British Columbia, the Lemon Lake Property, also in the Cariboo region, located 9 km northeast of the village of Horsefly and the Venus Property approximately 16 km northeast of Salmo in south-eastern British Columbia. Cedar Mountain is a member of the Discovery Group of companies, for more information on the group visit www.discoveryexp.com
Peter Kleespies, P.Geol. has reviewed the information in this press release and is the Qualified Person as defined by NI 43-101.
This news release contains forward-looking statements regarding ongoing and upcoming exploration work and expected geology, geological formations and structures. Actual results may differ materially from those anticipated in these statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.