NEWS UPDATE!
SHAREHOLDER UPDATE
November 2 , 2006
To all CDCH Shareholders,
Since the Annual Shareholder's Meeting in Las Vegas, many things have and are being accomplished. Consummating a J.V. deal with the companies discussed at the meeting is one of them. Please be aware that we are working for the benefit of all shareholder’s. This should prove beneficial to all when these announcements and projects are completed.
Many questions and concerns are being addressed to CDCH by way of message boards, phone calls and through other communications. We are aware of your questions and concerns. We would love to address many of your concerns about present work being done. One area that you have asked about that we are presently working on is our J.V. time-line. We are looking to attain the best value for our shareholder’s in these ongoing discussions with our future J.V. partners.
Your patience is appreciated, since we know many shareholders have held this stock for years. We know you are willing to wait for the consummation of these deals we are working to secure. Recently, the company has purchased additional property contiguous with our present holdings. There are many details to verify and when these are done then subjects such as land accumulation, J.V. details and other items will be released. Some items like land accumulation have to be surveyed, mapped, and recorded before the details of this can be released.
We know that the majority of shareholder’s take time to accomplish due diligence before investing in a particular company. We as officer’s of CDCH would be amiss if we impatiently released undocumented, unfinished details that did not allow for the best value for each shareholder. So we are doing our due diligence and would ask that you, as shareholder’s, would allow us to finish the process.
Thank you for your patience in allowing the company to succeed at the highest level.
Respectfully,
William Hoffman
Chairman of the Board of Directors of Cerro Dorado
On behalf of all officers of the company
Note: This News Release may contain certain "forward-looking statements" within the meaning of the United States Securities Exchange act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Cerro Dorado, Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future could differ materially form those anticipated in such statements. Important fators that could cause actual results to differ materially from the Company's expectation are disclosed under the heading "Risk Factors" and elsewhere in documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
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