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OTCReporter.com: SAOL - Featured Company " Breaking News " ALERT

Dec 18, 2006 (M2 PRESSWIRE via COMTEX) -- The OTCReporter.com's " Featured Company ", Sao Luis Mining, Inc.(OTCPK:SAOL), has announced important news today that should grab the attention of investors. The following is an edited version of that news release.

Sao Luis Mining, Inc., (PINKSHEETS: SAOL), a diamond mining and precious metals exploration company, reports that a recently completed advanced satellite study of the Company's properties shows a positive, scientific and reasonable inferential high level of probability that Sao Luis Mining's properties are highly economically profitable.

The satellite remote sensing study used advanced multi-spectral exploration analysis to evaluate the probable abundance and location of diamondiferous kimberlites to determine the probability of diamonds and arrive at the conclusion that Sao Luis Mining's properties 117 and 231, located in the Juina Area of the State of Mato Grasso, Brazil, are economically viable for mining.

In addition to the positive overall assessment of Sao Luis Mining's properties, the data acquired enables the company to focus its work on areas that show an abundance of the minerals associated with the kimberlic materials that exist in the upper levels on the properties. This is a good indication that the primary diamond sources are nearby and will facilitate pinpointing the drilling program in 2007, while indicating areas with richer surface deposits. This study complements the bulk sampling work currently in progress, as well as other geologic opinions the company has received.

The U.S. Government developed the Spectral Libraries for Remote Sensing Multi-Spectral Analysis. It includes files from the library of the Jet Propulsion Laboratory-NASA, Mineral Spectral Library, John Hopkins University, International Geoscience Programme, and the USGS Vegetation Spectral Library. American institutions and universities worldwide use this as the accepted standard in Multi-Spectral Exploration and Analysis.

About Sao Luis Mining:

Sao Luis Mining, Inc. is a diamond mining and precious metals exploration company. Its strategy is to acquire interests in producing mines and develop properties that have the promise to be economically viable. Sao Luis Mining has a 51% joint venture interest in Comercio e Mineracao Sao Luis Ltda., which operates two diamond properties and an existing processing plant in the So Luis River Basin. The operation is located in the state of Mato Grosso, which is the most productive diamond district in Brazil. Additional information, including a photo gallery and geological report, is available at the Company's website www.saolmining.com.

SAOL is currently trading at $0.69, up 60.5% from Friday's close, on volume of over 200,000 shares.

To view our entire report, please go to www.otcreporter.com !!

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The information contained within this web site is NOT a solicitation to BUY, SELL, or HOLD any securities mentioned. Furthermore the provided data should not be used as the sole basis for making any investment decision. The individual investors own due diligence is of the utmost importance and highly recommended.

OTCReporter.com , Inc. does not undertake or purport to render investment recommendations or advice for the buying and selling of securities. The companies listed on the "Featured Companies" section of this site may have compensated OTCReporter.com to be profiled on this website. These companies (or some of these companies) have retained OTCReporter.com to perform investor relation services including promotional services that consist of the publication of the profiled companies in this website. Compensation to OTCReporter.com has been or will be made in cash and or issuance of securities of the profiled company. OTCReporter.com has or will be compensated one hundred fifty thousand( 150,000 )free-trading shares by a third party for SAOL advertising and promotional service.

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