Pele Mountain Discovers New Mineralized Zones

Pele Mountain Discovers New Mineralized Zones

TORONTO, ON – Pele Mountain Resources Inc. reported that a recently completed mechanical stripping program has resulted in the discovery of new mineralized zones, and the expansion of others, at its East Highland gold property in Northern Ontario. Detailed channel sampling is now underway at five high priority zones. Results will be used to finalize drill locations for a planned upcoming core drilling program. East Highland is 100-percent owned by Pele Gold Corporation, a wholly owned subsidiary of the Company.

Al Shefsky, President and CEO of Pele stated, "We’ve enjoyed an exceptionally successful field season at our Highland gold properties, discovering and expanding several well-mineralized zones at East Highland in geological settings similar to historic and currently producing gold mines in the area. We are particularly excited about the Haystack and Macallan gold zones, which have been expanded substantially in the mechanical stripping program and exhibit outstanding potential to host significant gold deposits. Following the receipt of channel sampling assays, we will launch a drill program at East Highland that will continue into winter. With outstanding local infrastructure, including three nearby modern gold mills, Pele management believes there is excellent potential to establish revenue generating operations at East Highland."

The company’s address is 2200 Yonge Street, Suite 905, Toronto, ON M4S 2C6, 416-368-7224, fax: 416-368-7230.