Oidon Company, Ltd. (OIDN)

[RedSky]

just for every one look the porfolio of the MGMX...

MGM Mineral Resources has been working to acquire La Esperanza
since its inception and it is extremely gratifying to see this
exceptional property become part of our portfolio," said Ken Lamb,
President of MGM Mineral Resources. "The Company is very excited
about La Esperanza's prospects and would like to thank Mr. Jairo
Giraldo, our CEO, for orchestrating this acquisition. Mr. Giraldo is
a highly respected figure in the Colombian mining community with
more than 40 years of proven experience in the industry. Due in
large part to his hard work, close relationships with government and
industry officials and excellent reputation we are able to embrace
this opportunity."


"We are working on releasing the results of our geology reports,
which will outline just how extensive a project this mine will
become," said Chairman and CEO Jairo Giraldo. "La Esperanza is
located within our country's richest gold zone. We are highly
pleased with what we have seen so far. We believe this acquisition
has the potential to significantly improve our bottom line and
increase shareholder value."