TSX Venture Exchange: MHI
Frankfurt Stock Exchange: N8Z/WKN: AODLHP
Pink Sheets: MHIFF
VANCOUVER, Jan. 10, 2012 /CNW/ - Mineral Hill Industries Ltd. (the "Company" or "MHI") wishes to announce that the Company and Ascot
Mining plc ("Ascot") have agreed to resume informative discussions with
a view to determine whether there is a mutually acceptable basis for
pursuing a business transaction including additional financing for the
Company. Ascot is a UK company listed on the London PLUS market and
the European Xetra® Exchange with two gold projects in Costa Rica of
which one is presently in limited production of gold and the other is
scheduled for production in the latter part of 2012.
About Mineral Hill Industries Ltd.
Mineral Hill Industries Ltd. is a Canadian based mineral exploration
company trading on the TSX Venture Exchange (MHI), the Frankfurt
Exchange (N8Z/WKN: AODLHP), and the OTC Pink Sheets (MHIFF). Mineral
Hill has accumulated a diversified portfolio of lithium and precious
metal properties. Although the Company's determination to develop its
promising lithium exploration projects will remain a focal point,
Mineral Hill's accelerated effort will be the permitting and
development of its Liberty Hill Mine gold exploration and production
project in the United States, and attracting a strong mining and
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Mineral Hill Industries Ltd.
For further information:
on Mineral Hill Industries Ltd. and its projects, please visit the Company's website at www.mineralhill.com, or contact:
| Dieter Peter |
President and CEO
Mineral Hill Industries Ltd.
Telephone: (604) 685-4170