Deliver Your News to the World

CybeRelease: (OTC: SAOL) Announces Completion of Joint Venture Agreement


WEBWIRE

(CybeRelease, August 17, 2006) - Lake Harmony, PA - Sao Luis Mining, Inc. (Other OTC:SAOL.PK - News) announced today that it has executed the joint venture agreement with SL Mineradora Ltda. The joint venture company, Comercio e Mineracao Sao Luis Ltda., has been formed and registered in Brazil to conduct business. The agreement provides Sao Luis Mining with 51% interest in the joint venture which will operate two diamond properties and an existing processing plant in the Sao Luis River Basin. The operation is located in the state of Mato Grosso, considered one of the most productive diamond districts in Brazil.

Jack Lake, President and Board Chairman, said, “With the execution of our Joint Venture agreement with SL Mineradora and the registration of Comercio e Mineracao Sao Luis Ltda. we have moved one step closer to the Joint Venture commencing production. We expect operations to begin within the next 30 days.”

For a Free Newsletter and more information, go to http://www.OTCReporter.com

To read the complete release, go to http://biz.yahoo.com/iw/060817/0155011.html

CybeRelease Gainers are JDS Uniphase Corporation (Nasdaq: JDSU), Xilinx, Inc. (Nasdaq: XLNX), Parlux Fragrances, Inc. (Nasdaq: PARL), Charming Shoppes, Inc. (Nasdaq: CHRS), ViroPharma Incorporated (Nasdaq: VPHM), Evergreen Solar, Inc. (Nasdaq: ESLR), Trident Microsystems, Inc. (Nasdaq: TRID) and SiRF Technology Holdings, Inc. (Nasdaq: SIRF).

CybeRelease Decliners are Shanda Interactive Entertainment Limited (Nasdaq: SNDA), Illumina, Inc. (Nasdaq: ILMN), Flow International Corporation (Nasdaq: FLOW), AEP Industries Inc. (Nasdaq: AEPI), NMT Medical Inc. (Nasdaq: NMTI), Casella Waste Systems, Inc. (Nasdaq: CWST), TRM Corporation (Nasdaq: TRMM) and The Providence Service Corporation (Nasdaq: PRSC).

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid $500.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.



WebWireID18698





This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.