Constitution Mining Receives Approval for Argentinean Subsidiary
Tempe, Arizona - May 12, 2008 - Constitution Mining Corp. (CMIN.OB) announces that the local public Registry of Commerce in Argentina has approved the registration of Constitution Mining Argentina SA ("CMA").
Constitution Mining CEO, Dr. Willem Fuchter commented, "Without the approval of an Argentinean subsidiary, foreign capital transfers by Constitution Mining into Argentina would have been subject to a 30% retention for a one-year period."
"With Phase II exploration underway at our Atena gold project, and Phase II exploration scheduled to begin at our Cerro Amarillo gold project this September, the establishment of CMA should streamline the efficiency of our Argentinean operations."
About Constitution Mining Corp. Our Mission is to consistently increase the amount of honest money - gold and silver - underlying the number of shares we have outstanding. We intend to acquire, explore for, and hold onto deposits of gold and silver. Additional information about Constitution Mining Corporation may be obtained at www.ConstitutionMining.com.
On behalf of the Board:
Dr. Willem Fuchter, Director, President & CEO Constitution Mining Corp.
Disclaimer This release contains forward-looking statements that are based on the beliefs of Constitution Mining Corp. management and reflect Constitution Mining Corp. current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. When used in this release, the words "estimate, "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward-looking statements. Such statements reflect the current views of Constitution Mining Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date indicated in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, Constitution Mining Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission.