Report on Exploration certifies the high potential of the Miramonte Mining Miranda Alto concession in Ecuador

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Zürich (euro adhoc) - Zurich, June 5th, 2008. Miramonte Mining today
announced the publishing of a report on exploration potential for the
Miranda Alto concession. The report was prepared by DUNCAN BAIN
CONSULTING LTD. Duncan Bain is an independent exploration and mining
geologist from London, Ontario in Canada.

The gold mine concession of Miramonte Mining is located in
Portovelo/Zaruma in the province of El Oro in southern Ecuador. It
covers an area of 18.3 hectares and is actively mined. In his report
about the two currently active levels, Duncan Bain gives a
preliminary estimate of the gold resources in the Miranda Alto
concession. It can produce an assessed tonnage of 200,000 tonnes for
each of four veins. Current and historical assay values give an
average grade of approximately 3g/T gold for a total of approximately
2.4 million grams or 75,000 ounces. With improved mining and milling
methods this resources can be taken advantage of. Miramonte Mining
could be able to mine the Miranda Alto Project up to 1.6 million
tonnes, with a grade of 10g/T gold. "This resources can produce 16
million grams of gold or 500,000 ounces in the next years", says
Larry Williams, CEO of Miramonte Mining AG.

Ten samples of typical ore were taken from veins underground and from
the mill processing this material. These samples returned values
ranging from 0.14g/T to 68g/T gold. Significant lead and copper
values were also noted. "Miranda Alto has currently three active
levels with an estimated strike length of the veins of 600 m, an
average width of 1.0 m and an average depth of 800 m", adds Alberto
Fierro, Managing Director of Miramonte Mining AG in Ecuador.

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)

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

Further inquiry note:

Contact

Miramonte Mining AG fr financial relations gmbh

Tel +41 (0)43 500 16 23 Michael Goliath

Fax +41 (0)43 500 16 24 Tel +49 (0)69 95 90 83 12

E-Mail: investors@miramontemining.com Fax +49 (0)69 95 90 83 99

www.miramontemining.com E-Mail: m.goliath@financial-relations.de

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